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.
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