Today's charts: Bed Bath & Beyond sinks; Blackberry tumbles; Caterpillar gets downgraded

Seana Smith
·Host

Yahoo Finance is tracking Bed Bath & Beyond, Blackberry and Caterpillar in intraday trading on Friday.

Bed Bath & Beyond (BBBY) – The retailer disappointed investors by falling short of Wall Street expectations on both the top and bottom lines. Bed Bath & Beyond reported earnings per share of 53 cents on revenue of $2.74 billion. The estimates were for a profit of 66 cents and sales of $2.79 billion. Bed Bath & Beyond blamed “softness” in in-store sales and higher shipping costs among other things as reasons for the miss. Bed Bath & Beyond shares have fallen more than 25% so far this year.

Blackberry (BBRY) – The software maker posted a surprising quarterly profit but sales fell short for its fiscal first quarter. Blackberry reported earnings per share of 2 cents on revenue of $244 million. The Street was expecting profit to be flat and sales of $265.4 million. Blackberry executive chairman and CEO John Chen touted the company’s results, saying “In Q1, we made great progress strengthening our strategic position in emerging growth markets, most notably in cybersecurity and the Enterprise of Things.”

Caterpillar (CAT) – Deutsche Bank (DB) turned cautious on the heavy equipment maker amid questions as to whether or not Trump can follow through with his infrastructure plan. The firm downgraded its rating on the stock to hold from buy and cut its price target to $106 from $121 per share. In a research note, Deutsche Bank analyst Nicole DeBlase wrote “Without an infrastructure stimulus, we see little prospects for continued [North American non-residential] construction growth.” Caterpillar’s stock is up about 23.5% since the 2016 U.S. presidential election.

For more on Friday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.