Barnes & Noble (NYSE:BKS) Misses Analysts Forecasts; Stock Tumbles after Results

Shares of Barnes & Noble, Inc (NYSE:BKS) fell to the record low level since January after announcing Q2 revenue that failed to meet analysts’ forecasts.

Shares of Barnes & Noble, the United States bookstore chain shifting to digital content, plunged 11% to settle in New York at $14.26 and marked the major decline since Jan 5. The drop wiped out current year’s gains, and shares is now drop 1.5% in 2012.

Barnes & Noble announced a profit of $2.2 million for the three months period finished Oct 27, evaluated against a loss of $6.6 million in year ago.

Thomson Reuters analysts survey most recently anticipated a loss of 6 cents on $1.91 billion of revenue.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Books-A-Million, Inc. (NASDAQ:BAMM) fell -1.14% to settle at $2.61, Hastings Entertainment, Inc. (NASDAQ:HAST) moved up +1.00% to end at $2.02 while Target Corporation (NYSE:TGT) dropped -0.03% to finish at $62.79 on Thursday.

Barnes & Noble, Inc. (NYSE:BKS) last session’s volume of 5.80 million shares was surprisingly higher than its average volume of 900,753 shares. The stock after opening at $16.06 hit high price of $16.6and then closed at $14.26by scoring -11.15%.

The liquidity measure in recent quarter results of the company was recorded 1.06 as current ratio and on the other side the debt to equity ratio was 0.34 and long-term debt to equity ratio remained at 0.34. The Company had total cash of $20.22 million at hand and a book value per share as $12.21 in the most recent quarter.

The stock’s price volatility was 6.05% for a week and 5.31% for a month as well as price volatility’s Average True Range for 14 days was 0.85 and its beta remained at 1.00.

BKS generated revenue of $7.16 billion in the previous twelve months and earned -$69.44 million. The Company showed a negative -0.74% in the net profit margin as well as in its operating margin which remained at -0.51%.

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