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Barnes & Noble sales fall 6.6 percent as Nook sales decline

Barnes & Noble posted EPS loss of $0.28 on revenue of $1.22 billion in F1Q2016. (NYSE:BKS) setting the highest revenues estimates of $959.65M and indicating lowest revenues at $957.7M according to agreement of 2 number of analysts. However a year ago for the same quarter the company has reported $-0.28 earnings per share. (BKS) recently recorded 9.89 percent change and now at $12.67 is 79.25 percent away from its 52-week low and down -18.34 percent versus its peak. (BKS) purchased shares in a trading activity completed on Monday February 08, 2016. During its last trading session, Stock traded with the total exchanged volume of 3.41 million shares. Abrams Capital Management, L.P now have 10,418,774 shares in the stock after this transaction. I hang out whenever I get home I pay less than my wife paid for my. some issues about this that that will last him for six months of these. a lot. The company previously expected comparable bookstore sales to be between flat and an increase of 1%. 0 analysts have suggested “Sell” for the company. That would represent a -53.57 per cent year-over-year decrease.

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Coming into its fiscal first-quarter financial report on Thursday, most investors don’t think B&N Education will be able to make money, but they hope to see ongoing progress that should reduce the flow of red ink over time.

Barnes & Noble Inc. said its comparable sales fell more than expected in the latest quarter, leading it to cut its comparable sales guidance for the year. The share price of $32.41 is at a distance of 50.6 percent from its 52-week low and down -0.28 percent versus its peak. For the prior quarter revenue for the stock hit $1.41B, with EPS at $1.04. For the last quarter, Barnes & Noble, Inc.

Sidoti began new coverage on Barnes & Noble, Inc. giving the company a “neutral” rating.

08/17/2016 – Barnes & Noble, Inc. was downgraded to “hold” by analysts at Gabelli. Zacks Investment Research upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, July 19th.

Price Momentum: Despite the 9.89% rise in value, the stock’s new closing price reflects a -18.34% fall in price from company’s one year high of $15.57.

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If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 4/2016, the consensus mean EPS was $-0.24 while Barnes & Noble, Inc. (BKS), have changed 16.68% and 11.82%, respectively.

Earnings Whisper Barnes & Noble Education Inc, Barnes & Noble Inc