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Barnes & Noble shares tank 16% on disappointing holiday sales

Marilyn Haigh

Barnes & Noble reported flat sales during the crucial holiday season and warned investors that its full-year earnings will be weaker than previously estimated. Shares of Barnes & Noble BKS slid more than 16 percent Thursday after the company reported flat sales during the crucial holiday season and warned investors that its full-year earnings will be weaker than previously estimated. Barnes & Noble lowered its earnings guidance for the rest of fiscal 2019, saying it expects fiscal earnings before taxes and other reductions to fall between $140 million to $155 million.