Barnes & Noble (BKS) reported quarterly earnings results on Wednesday, Jun-22-2016. The company reported $-0.42 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $-0.24. The company posted revenue of $876.70 million in the period, compared to analysts expectations of $879.23 million. The company’s revenue was down -3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.
Barnes & Noble closed down -0.09 points or -0.80% at $11.23 with 7,84,538 shares getting traded on Tuesday. Post opening the session at $11.32, the shares hit an intraday low of $11.02 and an intraday high of $11.3756 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Investors should note that on Jun 8, 2016, Barnes & Noble announced a cash dividend of $0.1500. The company’s management has announced Jul 6, 2016 as the ex-dividend date and fixed the record date on Jul 8, 2016. The payable date has been fixed on Jul 29, 2016.
In a different news, on Jan 15, 2016, Scott S Cowen (director) purchased 5,000 shares at $8.28 per share price. According to the SEC, on Jul 10, 2015, Jaime Carey (Chief Operating Officer) sold 25,000 shares at $26.83 per share price. On Jul 8, 2015, Paul B Guenther (director) purchased 4,000 shares at $26.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Barnes & Noble Inc. is a retailer of content digital media and educational products. The Company’s segments include Barnes & Noble Retail (B&N Retail) and NOOK. The Company is a content commerce and technology company which provides access to trade books textbooks magazines newspapers and other content across its multi-channel distribution platform. The Company’s principal business is the sale of trade books (generally hardcover and paperback consumer titles) mass market paperbacks (such as mystery romance science fiction and other fiction) children’s books eBooks and other digital content textbooks and course-related materials NOOK and related accessories bargain books magazines gifts emblematic apparel and gifts school and dorm supplies cafe products and services educational toys and games music and movies direct to customers through its bookstores or on barnesandnoble.com. The Company operates approximately 648 bookstores in around 50 states.