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Barnes & Noble Drops After Bookseller Issues Weak Operating Profit Guidance

Jacob Sonenshine

Barnes & Noble guided for EBITDA (earnings before interest tax depreciation and amoritization) of between $140 million and $155 million for fiscal 2019, below Wall Street's estimate of $165 million. Earnings per share came in at $1.21 for the third quarter of 2019, beating Wall Street's estimates of $1.07. "In fiscal 2019, we have been focused on growing the top line, which contributed to our best holiday in years," said Len Riggio, Barnes & Noble chairman.