Barnes & Noble Education (NYSE: BNED) reported Q3 EPS of $0.08, $0.07 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $521.6 million versus the consensus estimate of $538.86 million.

Financial highlights for the third quarter 2017 and fiscal year to date 2017:

• Third quarter sales of $521.6 million increased 0.6% as compared to the prior year period; year to date sales of $1,531.5 million increased 1.2% as compared to the prior year period.
• Third quarter comparable store sales decreased 4.9%; year to date comparable store sales decreased 3.6%.
• Third quarter GAAP net income of $3.8 million, as compared to a net loss of $(3.6) million in the prior year period; year to date net income was $5.1 million, as compared to $2.9 million in the prior year period.
• Third quarter non-GAAP Adjusted EBITDA of $18.8 million, a decrease of $5.4 million as compared to the prior year period; year to date non-GAAP Adjusted EBITDA of $52.7 million, a decrease of $9.0 million as compared to the prior year period.
• Third quarter non-GAAP Adjusted Earnings of $4.0 million, as compared to $5.8 million in the prior year period; year to date non-GAAP Adjusted Earnings of $7.8 million, as compared to $12.3 million in the prior year period.

Outlook

For fiscal year 2017, the Company expects total sales to grow by approximately 2.5%, while comparable store sales are expected to decrease by approximately 3.0% compared to the prior year. The Company expects Adjusted EBITDA to increase on a percentage basis in the mid-single digits compared with the prior year and expects capital expenditures to be approximately $40 million.

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