sales of $2.34 billion, missing the $2.35 billion consensus estimate. Earnings beat, but traders are focusing on that revenue shortfall, and BBBY is down 4 percent in the premarket.

American Greetings Lowers Guidance

American Greetings reported third-quarter revenue of $463.6 million, missing the $439.4 million consensus estimate. But that was about the only good news. Earnings missed and management lowered guidance because of an expected increase in costs. AM fell 10 percent in the pre.

Mattress Firm Climbs After First Report

Mattress Firm, which went public last month, swung to profit in the first quarter and reported 40 percent growth on the top line. There aren't any analysts following it yet, but those numbers are lifting the shares before the bell. MFRM rose 9 percent after the bell yesterday but hasn't traded yet this morning.

More From optionMONSTER

• Enormous put spread in Nasdaq 100
  
• Materials fund faces downside position
  
• Cramer: This market just doesn't care