Barnes & Noble Education reported results for the third quarter ended January 27, with sales up 4 percent to $457 million from $438 million last year, due to “higher course material sales.” The net loss improved to $(9.9) million from $(22.1) million, but the company still cannot make money and that remains an existential problem. Facing a deadline from their lenders, significant debt and an ever-sinking stock, the company took the unusual step of canceling their investor call, “due to the advanced and ongoing discussions with third parties to evaluate a range of options to strengthen its liquidity and financial […]
