February 28, 2013
Barnes & Noble (NYSE: BKS ) has reported its fiscal Q3 2013 results. For the quarter, the company's revenues fell 9% on a year-over-year basis, to $2.2 billion. Bottom line was a loss of $6.1 million ($0.18 per diluted share), as opposed to the $52 million ($0.71) profit that the firm posted in Q3 2012.
The key figures for the most recent quarter were notably below analyst estimates. On average, they anticipated $2.4 billion in revenues, and a net profit of $0.54 per share.
Barnes & Noble provided selected guidance for the entirety of fiscal 2013. The firm expects that retail comparable bookstore sales will "decline on a percentage basis in the low- to mid-single digits." NOOK Media revenues, the category that includes the company's popular eReader and its college segment, should come in at $2.5 billion.
More Expert Advice from The Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013
." I invite you to take a copy, free for a limited time. Just click here
to access the report and find out the name of this under-the-radar company.