Barnes & Noble Education (NYSE: BNED) reported Q3 EPS of ($6.04), may not compare to the analyst estimate of $0.11. Revenue for the quarter came in at $603.4 million versus the consensus estimate of $603.53 million.

Outlook

For fiscal year 2018, the Company continues to expect sales at BNC to be relatively flat, while BNC comparable store sales are now projected to decline in the mid-single digit percentage point range year over year. The Company continues to expect consolidated sales to be in the range of $2.25 billion to $2.35 billion before intercompany eliminations. The Company is raising its consolidated Adjusted EBITDA guidance, and now expects to achieve consolidated Adjusted EBITDA of $115 million to $125 million for fiscal year 2018, up from the previous range of $105 million to $120 million. Capital expenditures are now expected to be approximately $45 million (down from prior guidance of $50 million), which represents an increase from fiscal 2017 due to new store growth at BNC.

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