Barnes & Noble Education Reports First Quarter Fiscal Year 2020 Financial Results
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Barnes & Noble Education (BNED) Tops Q1 EPS by 12c, Revenues Miss
August 27, 2019 8:34 AM EDTBarnes & Noble Education (NYSE: BNED) reported Q1 EPS of ($0.68), $0.12 better than the analyst estimate of ($0.80). Revenue for the quarter came in at $319.7 million versus the consensus estimate of $327.57 million.
Financial highlights for the first quarter 2020:
Consolidated first quarter sales of $319.7 million decreased 5.3%, as compared to the prior year period.Consolidated first quarter GAAP net loss of $(32.2) million, compared to net loss of $(38.6) million in the prior year period. Consolidated first quarter non-GAAP Adjusted Earnings of $(30.1) million, compared to $(38.6) million in the prior year period.Consolidated first quarter non-GAAP Adjusted... More