Revenue Update on Barnes & Noble Education Inc(NYSE:BNED)

Barnes & Noble Education Inc(NYSE:BNED) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jun 28, 2016. Company reported revenue of $294.76M. Analysts estimated a revenue of $286.35M. Earnings per share were $0.07. Analysts had estimated an EPS of $-0.01.

In a different note, Sidoti & Co. said it Initiates Coverage on Barnes & Noble Education Inc, according to a research note issued on May 9, 2016. The shares have been rated ‘Neutral’ by the firm.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Joel Friedman (officer ) purchased 3,000 shares at $9.02 per share price.Also, On Dec 17, 2015, Joann Magill (VP, Human Resources) purchased 2,500 shares at $9.01 per share price.

Barnes & Noble Education Inc. is a contract operator of bookstores on college and university campuses in the United States. The Company creates and operates campus stores under multi-year management service agreements. Its products and services include Textbook and Course Material Sales Textbook and Course Material Rentals General Merchandise Trade Digital Education Platform (Yuzu) e-commerce Platform FacultyEnlight Campus Connect Technologies platform and Flexible Course Fee Solution. It operates approximately 724 stores across the nation. The Company’s stores are operated under 453 contracts some of which cover multiple store locations and 154 of its college and university affiliated bookstores are co-branded with the Barnes & Noble name. It also operates approximately 36 academic superstores at select campuses including the Harvard Coop University of Pennsylvania Yale University the College of William and Mary Vanderbilt University and Georgia Institute of Technology.

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