Barnes & Noble (BKS) Misses Q3 EPS Views; NOOK Sales Fell 50.6%

Barnes & Noble (NYSE: BKS) reported Q3 EPS of $0.93, $0.30 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.92 billion.

Third quarter consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased 14% as compared to the prior year to $197 million.

Retail comps fell 0.3 percent. NOOK sales fell 50.6 percent to $77.5 million.

For fiscal year 2015, the Company continues to expect Retail comparable bookstore sales to decline in the low-single digits, while Retail Core comparable bookstore sales are expected to be approximately flat. Based on the better than expected comparable sales performance, the company now expects College comparable store sales to be approximately flat for the fiscal year. The Company also expects full fiscal year EBITDA losses in the NOOK segment to decline versus the prior year.

For earnings history and earnings-related data on Barnes & Noble (BKS) click here.

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