Barnes & Noble (NYSE:BKS) Swings to Surprise Loss in Fiscal Third Quarter

Barnes & Noble, Inc (NYSE:BKS) swung to a surprise loss in fiscal Q3 as the company was damage by inventory charges and promotional allowances at its Nook business.

The bookstore chain announced a loss of $6.1 million for the three months period finished Jan 26, evaluated against earnings of $52 million in previous year.

The company announced a loss of 18 cents per-share, which comprised preferred dividend impacts, evaluated against earnings of 71 cents per share in previous year. Revenue fell 8.8% to $2.22 billion.

Thomson Reuters analysts survey most recently forecasted EPS of 54 cents on $2.4 billion of revenue. Gross margin moved down to 24.7% from 26.8%.

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) rose +1.67% to settle at $2.44, Hastings Entertainment, Inc. (NASDAQ:HAST) moved up +1.95% to end at $2.09 while Trans World Entertainment Corporation (NASDAQ:TWMC) jumped +6.00% to finish at $3.71 on Thursday.

Barnes & Noble, Inc. (NYSE:BKS) on Feb 28, 2013 increased +3.35% to the closing price of $15.74. The overall volume in the last trading session was 5.32 million shares. Its fifty two weeks range was $10.45 – $26.00. The total market capitalization remained at $942.86 million.

BKS is ahead of its 52-week low with 50.62% and lagging behind from its 52-week high price with -39.46%. BKS’s last month’s stock price volatility remained 4.70%. In its share capital BKS has 59.90 million outstanding shares, among them 38.88 million shares have been floated in market exchange. BKS’s stock’s institutional ownership remained 57.48% while insider ownership included 3.42%.

The stock price of BKS is moving forward from its 20 days moving average with 13.31% and remote positively from 50 days moving average with 12.89%. BKS’s current year’s earnings per share experienced a downfall of -7.89% while its current quarter performance remained at -1.13%. Company’s beta coefficient included 0.92. Beta factors measure the amount of market risk associated with market trade.

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