Barnes & Noble (BKS) Slammed as Potential NOOK-Spin Overshadowed by Lower Guidance
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Price: $6.49 --0%
Financial Fact:
Dividends declared per common share: 0.15
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Dividends declared per common share: 0.15
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Shares of Barnes & Noble (NYSE: BKS) are under pressure as investors overlooked the company's plans to seperate the NOOK Digital business and instead focused on deteriorating fundamentals as witnessed in the company's lowered guidance.
Barnes & Noble cut its FY12 outlook: sales from about $7.4 billion to $7-$7.2 billion, which compares to the Street estimate of $7.33 billion. Loss raised from 10-50 cents per share to $1.10-$1.40 per share. The Street is looking for a loss of 63 cents per share.
Shares of BKS are down 13 percent to $11.75.
Barnes & Noble cut its FY12 outlook: sales from about $7.4 billion to $7-$7.2 billion, which compares to the Street estimate of $7.33 billion. Loss raised from 10-50 cents per share to $1.10-$1.40 per share. The Street is looking for a loss of 63 cents per share.
Shares of BKS are down 13 percent to $11.75.
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