Rolls Royce Looks to Raise Billions and Analyst Estimates Bed Bath & Beyond Earnings Up Over 20% 🛌

Rolls Royce Looks to Raise Billions and Analyst Estimates Bed Bath & Beyond Earnings Up Over 20%

Rolls Royce

The demand for aircraft engines and air travel took a dive since the pandemic began. For British engineering company Rolls Royce, that means serious trouble. Rolls Royce shares have already fallen 80% this year!

The company announced on Thursday that it plans to raise up to $6.5 billion to achieve financial stability. If successful, this funding is expected to help the jet engine maker carry on through to 2022.

Bed Bath & Beyond

Bed Bath & Beyond shares jumped over 20% on Thursday after reporting a surprise profit in its quarterly earnings release. The company said it earned $217.9 million, or $1.75 a share, versus a loss of $1.12 a year earlier.

These numbers wouldn’t have been possible without the company’s stellar e-commerce sales. Bed Bath & Beyond’s digital sales grew 89% year over year. Will this trend of profitability stay strong over the long term?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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