Revenue Update on Barnes & Noble(NYSE:BKS)

Barnes & Noble(NYSE:BKS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 22, 2016. Company reported revenue of $876.68M. Analysts estimated a revenue of $889.19M. Earnings per share were $-0.24. Analysts had estimated an EPS of $-0.24.

Barnes & Noble (BKS) shares turned negative on Mondays trading session with the shares closing down -0.5 points or -4.43% at a volume of 15,39,683. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.29. The peak price level was also seen at $11.29 while the days lowest was $10.68. Finally the shares closed at $10.78. The 52-week high of the shares is $18.99594 while the 52-week low is $7.25. According to the latest information available, the market cap of the company is $796 M.

Barnes & Noble has also declared a cash dividend of $0.1500 on Jun 8, 2016. The shares will quote ex-dividend on Jul 6, 2016 and the record date has been fixed on Jul 8, 2016. The dividend payable date has been fixed on Jul 29, 2016.

Several Insider Transactions has been reported to the SEC. On Jan 15, 2016, Scott S Cowen (director) purchased 5,000 shares at $8.28 per share price.Also, On Sep 14, 2015, Leonard Riggio (director officer 10% owner (Chairman of the Board) purchased 1,000,000 shares at $12.57 per share price.On Jul 10, 2015, Jaime Carey (Chief Operating Officer) sold 25,000 shares at $26.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Barnes & Noble Inc. is a retailer of content digital media and educational products. The Company’s segments include Barnes & Noble Retail (B&N Retail) and NOOK. The Company is a content commerce and technology company which provides access to trade books textbooks magazines newspapers and other content across its multi-channel distribution platform. The Company’s principal business is the sale of trade books (generally hardcover and paperback consumer titles) mass market paperbacks (such as mystery romance science fiction and other fiction) children’s books eBooks and other digital content textbooks and course-related materials NOOK and related accessories bargain books magazines gifts emblematic apparel and gifts school and dorm supplies cafe products and services educational toys and games music and movies direct to customers through its bookstores or on The Company operates approximately 648 bookstores in around 50 states.

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