5.57 0.00 (0.00%)
After hours: 4:48PM EDT
|Bid||5.58 x 900|
|Ask||6.00 x 2200|
|Day's Range||5.38 - 5.73|
|52 Week Range||4.45 - 7.81|
|Beta (3Y Monthly)||-0.06|
|PE Ratio (TTM)||309.44|
|Earnings Date||Jun 20, 2019|
|Forward Dividend & Yield||0.60 (10.79%)|
|1y Target Est||6.50|
Barnes & Noble, Inc. , the world’s largest retail bookseller, today announced the appointment of Joe Gorman as Executive Vice President, Operations. Mr. Gorman joins the Company from General Nutrition Centers where he also served as Executive Vice President, Operations.
Barnes & Noble, Inc. (BKS) today announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on May 3, 2019 to stockholders of record at the close of business on April 5, 2019. Barnes & Noble, Inc. (BKS) is the nation’s largest retail bookseller, and a leading retailer of content, digital media and educational products. The Company operates 627 Barnes & Noble bookstores in 50 states, and one of the Web’s premier e-commerce sites, BN.com (www.bn.com).
Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced the appointment of Carlo Pochintesta as Chief Information Officer. Mr. Pochintesta joins the Company today from Rag & Bone Holdings, LLC, where he also served as Chief Information Officer.
The Dow Jones Industrial Average fell Thursday for a fourth straight session even after the European Central Bank said it would keep interest rates at near-record lows until at least the end of the year, effectively insuring the Federal Reserve won't tighten anytime soon. posted weaker-than-expected fourth-quarter earnings Thursday and 2019 guidance disappointed investors, sending shares sharply lower. posted fourth-quarter adjusted earnings of $2.83 a share, beating Wall Street forecasts of $2.77, but same-store sales came in below estimates.
Inc. said Thursday that it expects to record a smaller profit this year than it had previously anticipated following sluggish postholiday sales, sending shares of the bookseller plunging in afternoon trading. Barnes & Noble in November said it expected adjusted Ebitda, not including one-time or unusual items, to be between $175 million to $200 million. The bookseller had said in January that it could cut its earnings estimates by as much as 10% because of higher costs.
Barnes & Noble (NYSE:BKS) stock is down more than 10% as the books retailer posted its latest quarterly earnings results, which included a fiscal 2019 guidance that is well below what Wall Street is calling for in its consensus estimate.The New York City-based business announced that for its third quarter of its fiscal 2019, it amassed a profit of roughly $66.9 million, or 91 cents per share, topping its year-ago loss of $63.5 million, or 87 cents per share. On an adjusted basis, the company reeled in earnings of $1.21 per share, about 11 cents ahead of the Wall Street consensus estimate, according to data compiled by Refinitiv.On the revenue front, Barnes & Noble said it raked in sales of $1.23 billion, below the $1.24 billion that analysts called for, according to Refinitiv. The company added that sales at locations that have been open for at least a year gained 1.1%, marking its best quarterly performance since 2016, while also topping the 0.5% gain that Wall Street guided for, per Refinitiv.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe book seller added that for the rest of its fiscal 2019, it now sees earnings before taxes and other reductions to come in between $140 million to $155 million, which is below its previous guidance of $175 million to $200 million. Barnes & Noble said that the lowered outlook can be linked to holiday sales that were lower than expected, as well as higher investment expenses during the period, which ended Jan. 26.BKS stock is down about 14.7% on Thursday More From InvestorPlace * 7 Dow Jones Stocks to Buy * 7 Chinese Stocks to Buy for the 2019 Rebound * 9 Trade War Stocks to Sell on U.S.-China Deal News Compare Brokers The post Why Barnes & Noble (BKS) Stock Is Being Battered Today appeared first on InvestorPlace.
Warner Bros. and DC Entertainment have released plans for celebrating the 80th anniversary of Batman that will include special theatrical engagements, the milestone release of the 1,000th issue of Dectective Comics, live events and first-ever Batman brand partnerships.
Shares of the bookseller dropped as the company said sales slowed at the end of the third quarter and it slashed its full-year profit guidance.
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.
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.
Barnes & Noble Inc. shares slid 10% in premarket trade Thursday, after the book store chain posted fiscal third-quarter earnings. The company said it had net income of $66.9 million, or 91 cents a share, in the quarter to Jan. 26, after a loss of $63.5 million, or 87 cents a share, in the year-earlier period, when it booked impairment charges. Adjusted per-share earnings came to $1.21, ahead of the $1.07 FactSet consensus. Sales were flat at $1.2 billion, matching the FactSet consensus. But same-store sales rose 1.1% to beat the FactSet consensus of 0.5%. "In fiscal 2019, we have been focused on growing the top line, which contributed to our best holiday in years," Chairman Len Riggio said in a statement. The company offered only EBITDA guidance, providing a range of $140 million to $155 million for fiscal 2019, which is below the $165 million FactSet consensus. Shares have gained 20.6% in the last 12 months, while the S&P 500 has gained 1.6%.
Amazon's 87 pop-up stores in the United States are expected to close by the end of April, the Wall Street Journal reported earlier on Wednesday, citing some of the employees at the stores. Pop-up stores for years helped Amazon showcase novel products like its voice-controlled Echo speakers, but the company is now able to market those products and more at its larger chain of Whole Foods stores, acquired in 2017, and cashierless Amazon Go stores, which opened to the public last year. The online retail giant will also open more "4-star stores" - stores that sell items rated 4-stars or higher by Amazon customers, the spokesperson added.
Barnes & Noble, Inc. (BKS), the world’s largest retail bookseller, today announced the appointment of Sasha Quinton as Vice President and General Merchandise Manager, Bookstore. Ms. Quinton will report to Tim Mantel, Barnes & Noble’s Chief Merchandising Officer. “We could not be more excited to have Sasha Quinton join the team to lead Barnes & Noble’s Publisher Relations, Adult Trade Books and Newsstand retailing,” said CMO Tim Mantel.
Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced that Paul Howarth’s Only Killers and Thieves (Harper), a timeless story of brothers, revenge, injustice and honor, and Kiese Laymon’s Heavy (Scribner), an unforgettable memoir of growing up with racial prejudice and violence both at home and in the culture at large, are the winners of the 2018 Discover Awards for fiction and nonfiction, respectively. Each writer was awarded a cash prize of $30,000 and a full year of marketing and merchandising support from Barnes & Noble. Third place was awarded to Fatima Farheen Mirza for A Place for Us (SJP for Hogarth/Crown), an unforgettable story of family and identity, and Tara Westover for Educated (Random House), an inspirational story of a young woman who saves her own life through her love of books and learning.