Insiders' Blog
Sponsored by: Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!
Borders Group (BGP) Higher Following Smaller Q2 Loss
More News related to BGP
- Borders(R) and Waldenbooks(R) Stores Nationwide Host Holiday Parties Dec. 9
- Anuna to Perform and Sign Copies of 'Christmas Memories' at Borders in Westlake, Ohio Dec. 9
- Anuna to Perform and Sign Copies of 'Christmas Memories' at Borders in Ann Arbor Dec. 10
- Expert Buyers at Borders Recommend Hottest Gifts for Kids
- Educators Get Early Holiday Gift from Borders(R) and Waldenbooks(R) Dec. 4
More News related to Insiders' Blog
- Cramer Says Illinois Tool Works (ITW) Should Buy Manitowoc (MTW)
- Cramer Thinks Nike (NKE) Should Buy Under Armour (UA)
- Citadel Down 13% in November And 47% For The Year
- What's Next for Google Stock? $200 or $400? (GOOG)
- Ford's (F), CEO, Alan Mulally, Addresses Capitol Hill
Shares of book retailer Borders Group (NYSE: BGP) are up more than 7% in after-hours action Tuesday after the company reported a smaller-than-expected Q2 loss.
Borders Group reported a Q2 GAAP loss of $0.19, versus the analyst estimate of a $0.29 loss and last year's loss of $0.31. Revenues for the quarter were $749.2 million, versus the consensus of $782.89 million.
CEO George Jones said, "We have not only improved profitability, but also substantially reduced debt, improved cash flow and significantly strengthened our balance sheet."
Borders Group, Inc., through its subsidiaries, operates book, music, and movie superstores. It also operates mall-based bookstores.
Related Categories
Insiders' BlogStocks Mentioned
-0.02Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
