Barnes & Noble Gets Hosed by Earnings and Best Buy Update

Barnes & Noble (NYSE:BKS) FQ2 results are out … and they don’t look good. EPS -$0.11 missed by $0.17 and revenue of $1.89B, down -0.6% from last year, missed by $90M.

Adding insult to injury, Best Buy (NYSE:BBY) has bad news for Barnes & Noble too. The Nook Tablet is ranked number 8 on Best Buy’s site, seven spots below the Amazon (NASDAQ:AMZN) Kindle Fire. Barnes & Noble is expected to spend more on marketing and advertising for its Nook, even if it means selling them at a loss.

Here’s how these stocks are trading on the news …

Barnes & Noble, Inc. (NYSE:BKS): BKS shares recently traded at $14.36, down $3.08, or 17.66%. They have traded in a 52-week range of $10.30 to $18.73. Volume today was 3,824,226 shares versus a 3-month average volume of 1,308,170 shares. The company’s trailing earnings are $-1.20 per share.

Best Buy Co. Inc. (NYSE:BBY): BBY shares recently traded at $27.10, up $0.01, or 0.04%. They have traded in a 52-week range of $21.79 to $43.75. Volume today was 2,850,323 shares versus a 3-month average volume of 6,861,270 shares. The company’s trailing P/E is 9.07, while trailing earnings are $2.99 per share.

Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $197.55, up $5.26, or 2.74%. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 3,531,717 shares versus a 3-month average volume of 6,975,190 shares. The company’s trailing P/E is 104.14, while trailing earnings are $1.90 per share.