On November 20, 2008 BKS reported a drop in third-quarter sales to $1.12B (down from $1.18B in the same period a year ago), and cut its annual Earnings Per Share estimate to $1.30-$1.60.
Barnes & Noble reported stagnant sales in the first quarter of 2008, with net sales rising 1.1% but same store sales falling 1.5% and a net loss of $2.2 million for the quarter. B&N also announced that it had put a team together to research a potential acquisition of the second-largest bookseller chain in the U.S., Borders Group.
Barnes & Noble announced a $0.10 cut in 2007 Q4 and 2007 Fiscal Year profit estimates after weaker than expected holiday sales.
Barnes and Noble posted better than expected third quarter results boosted by the sales of new releases like books from Alan Greenspan and Stephen Colbert.
BKS agreed to pay $2.75 million to settle disputes with investors over improperly dated stock options.
Edit Metric
