After Hours Action: Bed Bath & Beyond

In the aftermarket shares of Bed Bath & Beyond surged 4% after the company reported a better-than-expected gain in quarterly profit as demand for home goods picked up in an improving economy.

Net profit rose 60 percent to $226.0 million, or 86 cents a share, in the fiscal fourth quarter ended Feb. 27, from $141.4 million, or 55 cents a share, a year earlier.

Analysts on average were expecting a profit of 73 cents a share, according to Thomson Reuters I/B/E/S.

The retailer, whose stores include Bed Bath & Beyond, Christmas Tree Shops and buybuy Baby, has also gained market share after the bankruptcy of former rival Linens 'n Things.

What's the trade?

That's a great piece of news, says Karen Finerman. I own American Eagle going into Thursday's same-store sales release.

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