Barnes & Noble: losses deepen in Q2.
(CercleFinance.com) - Unveiled before Wall Street opened on Thursday, Barnes & Noble's Q2 results were marked by a loss per share of 41 cents, against 29 cents a year earlier.
On the contrary, the consensus anticipated this loss to fall to 26 cents.
Revenues from the bookstore chain fell by 7.9% y-o-y to 791.1 million dollars. Same-store sales were down 6.3% over the period.
Barnes & Noble expects FY sales to fall by 0 to 5% at constant sales relative to the previous year.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
On the contrary, the consensus anticipated this loss to fall to 26 cents.
Revenues from the bookstore chain fell by 7.9% y-o-y to 791.1 million dollars. Same-store sales were down 6.3% over the period.
Barnes & Noble expects FY sales to fall by 0 to 5% at constant sales relative to the previous year.
Copyright (c) 2017 CercleFinance.com. All rights reserved.