Barnes & Noble Education Reports First Quarter Fiscal Year 2019 Financial Results
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Barnes & Noble Education (BNED) Misses Q1 EPS by 16c, Revenues Miss; Offers FY19 Revenue Outlook Above Consensus
August 22, 2018 8:32 AM EDTBarnes & Noble Education (NYSE: BNED) reported Q1 EPS of ($0.82), $0.16 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $337.5 million versus the consensus estimate of $355.24 million.
Financial highlights for the first quarter 2019:
Consolidated first quarter sales of $337.5 million decreased 5.1%, as compared to the prior year period.Consolidated first quarter GAAP net loss of $(38.6) million, as compared to net loss of $(34.8) million in the prior year period. Consolidated first quarter non-GAAP Adjusted Earnings of $(38.6) million, as... More