Barnes & Noble Education Inc (BNED) reported quarterly earnings results on Tuesday, Jun-28-2016. The company said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $-0.10. The company posted revenue of $294.80 million in the period, compared to analysts expectations of $284.43 million. The company’s revenue was up 7.6% compared to the same quarter last year.
Many Wall Street Analysts have commented on Barnes & Noble Education Inc. Barnes & Noble Education Inc was Initiated by Sidoti to “Neutral” on May 9, 2016.
In a different news, on Dec 17, 2015, Joel Friedman (officer ) purchased 3,000 shares at $9.02 per share price. According to the SEC, on Dec 17, 2015, Joann Magill (VP, Human Resources) purchased 2,500 shares at $9.01 per share price.
Barnes & Noble Education Inc. is a contract operator of bookstores on college and university campuses in the United States. The Company creates and operates campus stores under multi-year management service agreements. Its products and services include Textbook and Course Material Sales Textbook and Course Material Rentals General Merchandise Trade Digital Education Platform (Yuzu) e-commerce Platform FacultyEnlight Campus Connect Technologies platform and Flexible Course Fee Solution. It operates approximately 724 stores across the nation. The Company’s stores are operated under 453 contracts some of which cover multiple store locations and 154 of its college and university affiliated bookstores are co-branded with the Barnes & Noble name. It also operates approximately 36 academic superstores at select campuses including the Harvard Coop University of Pennsylvania Yale University the College of William and Mary Vanderbilt University and Georgia Institute of Technology.