Barnes & Noble (BKS) Releases Earnings Results, Beats Expectations By $0.10 EPS

Barnes & Noble (BKS) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. BKS said it had a profit of $-0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $-0.39. The company posted revenue of $858.50 million in the period, compared to analysts expectations of $850.72 million. BKS’s revenue was down -4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.28 EPS.

Barnes & Noble closed down -0.25 points or -2.10% at $11.65 with 10,00,967 shares getting traded on Monday. Post opening the session at $11.85, the shares hit an intraday low of $11.6 and an intraday high of $12.125 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Oct 11, 2016, David S Deason (VP B&N Development) sold 9,620 shares at $10.79 per share price. According to the SEC, on Sep 12, 2016, Frederic Argir (Chief Digital Officer) sold 17,377 shares at $11.59 per share price. On Jan 15, 2016, Scott S Cowen (director) purchased 5,000 shares at $8.28 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.

Barnes & Noble

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