Barnes & Noble continues their string of earnings disappointments with fourth quarter sales and losses that were not as good as either the official analyst estimates or the Wall Street “whisper numbers.” The chain recorded fourth quarter sales of $1.38 billion, only $5 million more than a year ago, and a consolidated net loss of $57.7 million, or $1.08 per share. For the full fiscal year, sales of $7.1 billion rose just 2 percent and the consolidated net loss was $68.9 million, or $1.41 per share. As you would expect, shares are trading down this morning on the missed targets, […]
