Benzinga Breaks Down Barnes & Noble Education's Q4 Earnings

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Adjusted earnings of $3.3 million vs a $300 thousand loss in same quarter last year

Sales $294.8 million vs $284.4 million est, up 7.6 percent year-over-year

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Comps increased 4.5 percent for the quarter

Comps down 1.9 percent for the fiscal year 2016, in line with guidance

Guides total sales FY 2017 up 2 to 4 percent, comps flat to 2 percent lower from prior year

Sees adjusted EBITDA to increase 12 percent

Comps made quite the reversal, after being down 4.1 percent when Barnes & Noble Education, Inc (NYSE: BNED) reported its Q3 results. This is the spinoff’s first earnings surprise (it first reported quarterly results in September of last year).