Barnes & Noble (BKS) Reports Q3 Loss of $0.34, Comps Down 7.4%; Declares $0.25 Qtr. Dividend; Guides Q4, FY08
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Barnes & Noble, Inc. (NYSE: BKS) reports Q3 loss of $0.34, versus the analyst estimate of ($0.16). Revenue for the quarter was $1.1 billion, versus the consensus of $1.17 billion.
Same store sales fell 7.4% during the quarter.
In addition, the company also announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share for stockholders of record at the close of business on December 10, 2008, payable on December 31, 2008.
Sees Q4 EPS of $1.40-$1.70, versus he street estimate of $1.65, with same store sales down 6-9%. For Fy08, EPS are expected to be in the range of $1.30-$1.60, versus the Street estimate of $1.63, with comps down 5-6%.
Barnes & Noble, Inc., together with its subsidiaries, operates as a bookseller in the United States and the District of Columbia.
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DividendsEarnings
Guidance
Retail Sales
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