Barnes and Noble Inc Earnings Cheat Sheet: Loss Widens
Barnes & Noble Inc (NYSE:BKS) reported its results for the fourth quarter. Barnes & Noble, Inc. is engaged in sale of trade books, mass market paperbacks, children’s books, bargain books, magazines, gift, music and movies direct to customers.
Barnes & Noble Inc Earnings Cheat Sheet for the Fourth Quarter
Results: Loss widened to $59.4 million ($1.04/diluted share) from $32 million (loss of 58 cents/share) in the same quarter a year earlier.
Revenue: Rose 4% to $1.37 billion YoY.
Actual vs. Wall St. Expectations: BKS fell short of the mean analyst estimate of a loss of 91 cents/share. Estimates ranged from a loss of 67 cents per share to a loss of $1.09 per share. Analysts were expecting revenue of $1.39 billion.
Competitors to Watch: Books-A-Million, Inc. (NASDAQ:BAMM), Amazon.com, Inc. (NASDAQ:AMZN), Hastings Entertainment, Inc. (NASDAQ:HAST), Indigo Books & Music Inc. (NYSE:IDG), eBay Inc. (NASDAQ:EBAY), Overstock.com, Inc. (NASDAQ:OSTK), Wal-Mart Stores, Inc. (NYSE:WMT), Costco Wholesale Corp. (NASDAQ:COST), Best Buy Co., Inc. (NYSE:BBY), OverStock.com (NASDAQ:OSTK), HSN (NASDAQ:HSNI), Target (NYSE:TGT) and Apple Inc. (NASDAQ:AAPL).
Stock Performance: Shares of BKS are up .6% today.
(Source: Xignite Financials)