Archive | Booksellers RSS feed for this section

On Cue: Waterstones' Annual Retreat From Forecasts of Profit

Waterstones has filed financial results for the fiscal year through April 2015, and managing director James Daunt is engaging in his annual dance of walking back the bold proclamations he made to an always-eager press during the important holiday sales period. Amazingly, our analysis right now is exactly the same…

Login to read more, or join Publishers Marketplace as a member

Indigo Celebrates Big Holiday Quarter

Canada's dominant physical bookseller Indigo reported fiscal third quarter sales, through December 26, with revenue up 12.9 percent to $383 million (a $44 million gain), and net earnings of $52.8 million, up sharply from $33 million a year ago. Those gains came even though the chain had one less superstore and four…

Login to read more, or join Publishers Marketplace as a member

Amazon Grows, But Profits Aren't Enough for Traders

Amazon reported fourth quarter sales after the close of the market on Thursday, with revenues growing 22 percent to $35.7 billion, and net income of $482 million in the fourth quarter, or $1.00 per diluted share. While those sound like strong results (record results, even), analysts were expecting slightly higher sales ($35.98…

Login to read more, or join Publishers Marketplace as a member

Apple Gains, Modestly, As "Services" Are Explained More

In closely-watched first quarter 2016 results that had many expecting Apple to stumble, the company reported sales and earnings slightly ahead of the same period a year ago, barely setting new records. Sales for the quarter ending December 26 were $75.9 billion (up $1.3 billion) and net income was $18.4…

Login to read more, or join Publishers Marketplace as a member

Barnes & Noble Education Falters During Key Back-to-School Quarter

Barnes & Noble Education followed in the footsteps of their former parent company with a disappointing second quarter sales report -- only it matters more to BNED, since this was supposed to be their big "fall rush" season. Sales of $755.9 million were up $4.2 million, but net income fell…

Login to read more, or join Publishers Marketplace as a member

Barnes & Noble Selloff Worse Than Expected After Disappointing Quarter, Poor Explanation

It seemed grim enough when Barnes & Noble's stock fell 4.5 percent before they announced fiscal second quarter earnings after the close of the market Thursday and then dropped another 12 percent in after-hours trading when they failed to meet investors modest expectations. A tone-deaf planted piece in Friday's NYT didn't…

Login to read more, or join Publishers Marketplace as a member

Barnes & Noble Disappoints Low Expectations

Barnes & Noble reported fiscal second quarter earnings on Thursday afternoon after the close of the market, with sales through October 31 falling $42 million or 4.5 percent compared to a year ago, to $895 million. Though the charge due to the BN College spinoff was lower than expected --…

Login to read more, or join Publishers Marketplace as a member

Quarterly Briefs: Continued Improvement For Indigo; Quarto Stays Flat

Canada's Indigo reported second quarter results on Tuesday, with sales rising $16.7 million (CA), or 8.8 percent, to $206 million, and a reduced net loss of $1.8 million, compared to a loss of $8.5 million a year ago. As in the previous year, "revenue growth was driven by the continued…

Login to read more, or join Publishers Marketplace as a member

Barnes & Noble Is Discussing SEC Settlement on New Matter; Pays Huseby A $15.7 Million Salute

Barnes & Noble's quarterly SEC filing following the announcement of their first quarter results earlier this week contains a number of interesting revelations. The SEC investigation first disclosed in December 2013 (and first noticed by us) is nearing an end. While the agency has told BN "it does not intend to…

Login to read more, or join Publishers Marketplace as a member

Barnes & Noble Stock Falls Nearly 28 Percent In A Day

Barnes & Noble's stock started falling from the opening bell on Wednesday morning after the company reported bigger than expected losses (while management acted like everything was wonderful). But the selloff turned into a stampede late in the afternoon, with significant volume in final hour of trading pushing shares down…

Login to read more, or join Publishers Marketplace as a member