Barnes & Noble, Inc. (BKS) Posts Narrower than Expected Q2 Loss

Barnes & Noble, Inc. (NYSE: BKS) reported Q2 EPS of ($0.04), $0.07 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.88 billion.

The NOOK segment, which consists of the company’s digital business (including Readers, digital content and accessories), had revenues of $160 million for the quarter, increasing 6% as compared to a year ago. Digital content sales increased 38% for the second quarter over the second quarter in the prior year. Digital content sales are defined to include digital books, digital newsstand, and the apps business. The two new NOOK devices, NOOK HD and NOOK HD+, began shipping after the close of the company’s fiscal second quarter, and sales from the launch of those products will be reflected in the current fiscal third quarter and subsequent quarters.

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

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