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Jim Cramer: It May Be 'Too Late' for Bed Bath & Beyond

NEW YORK (TheStreet) -- Bed Bath & Beyond (BBBY - Get Report) stock is up by 5.49% to $51.49 in mid-morning trading on Thursday, after the retailer reported better-than-expected 2015 fourth quarter results.

After the market close Wednesday, Bed Bath & Beyond reported earnings of $1.91 per share, higher than Wall Street's forecasts for $1.81 per share. Revenue of $3.42 billion topped analysts' estimates for $3.39 billion.

However, the company has been disadvantaged by historically spending on share buybacks rather than improving its technology, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer wrote in a Real Money article today.

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