Market Overview

UPDATE: Barnes & Noble Posts Wider FQ1 Loss

Related BKS
How To Play The Latest Fed Statement
#PreMarket Primer: Friday, December 5: Outrage Over Police Killings Sparks More Demonstrations
Know Before the Bell: BofA Settlement and Google Teams Up With B&N (Fox Business)

Barnes & Noble (NYSE: BKS) reported a wider fiscal first-quarter loss.

Barnes & Noble posted a quarterly loss of $87 million, or $1.56 per share, versus a year-ago loss of $40 million, or $0.76 per share.

Its revenue dropped to $1.33 billion from $1.45 billion. However, analysts were projecting a loss of $0.90 per share on revenue of $1.31 billion.

Barnes & Noble shares tumbled 11.82% to $14.70 in pre-market trading.

Posted-In: lossEarnings News

 

Related Articles (BKS)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional