Barnes & Noble Education Reports Third Quarter 2019 Financial Results
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Barnes & Noble Education (BNED) Misses Q3 EPS by 9c, Revenues Miss; Offers FY19 Revenue Guidance Above Consensus
March 5, 2019 8:35 AM ESTBarnes & Noble Education (NYSE: BNED) reported Q3 EPS of $0.02, $0.09 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $550.3 million versus the consensus estimate of $591.13 million.
Consolidated sales of $550.3 million decreased 8.8%, as compared to the prior year period; year to date consolidated sales of $1,702.6 million decreased 7.8% as compared to the prior year period.Consolidated third quarter GAAP net income of $0.8 million, as compared to net loss of $283.2 million in the prior year period; year to date GAAP net income of $21.8 million, as compared to net loss of $269.6... More