Wednesday, May 8, 2024
Barnes & Noble Education reports Q4 earnings.

Barnes & Noble Education reports Q4 earnings.

Barnes & Noble Education Inc. Reports Loss in Fiscal Fourth Quarter

BASKING RIDGE, N.J. (AP) — Barnes & Noble Education Inc. (BNED) reported a loss of $46.3 million in its fiscal fourth quarter.

Per-Share Loss and Revenue Figures

On a per-share basis, the Basking Ridge, New Jersey-based company reported a loss of 88 cents. After adjusting for restructuring costs and discontinued operations, losses equaled 70 cents per share.

Financial Summary

The operator of book stores on college campuses posted revenue of $241.8 million in the period.

For the year, the company reported a widened loss of $101.9 million, translating to a loss per share of $1.94. Revenue for the year was reported as $1.54 billion.

The company’s shares closed at $1.64. This marks a decrease from $2.75, which was the trading price a year ago.

Automated Insights Contribution

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks stock report on BNED at https://www.zacks.com/ap/BNED

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