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Amazon Gains In First Quarter, Changes Revenue Reporting Lines

Amazon reported first quarter sales on Thursday afternoon, with net revenues rising 23 percent to $35.7 billion in the first quarter, compared with $29.1 billion in 2016. Operating income was down modestly at $1.05 billion, but net income rose to $724 million -- compared to $513 million a year ago, because of lower income taxes.…

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Barnes & Noble Reduces Guidance Again After Bad Quarter, Faded Rebound

Barnes & Noble followed a bad holiday sales period with a poor full report on their fiscal third quarter, reducing both sales and earnings expectations for the full year. After ceo Len Riggio said in early January, "Post-holiday traffic and sales have improved and we are optimistic for the remainder…

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Riggio's MBS Sold to Barnes & Noble Education for $174 Million

The privately-held MBS Textbook Exchange, majority owned by Len Riggio and other Riggio family members, has been sold to Barnes & Noble Education -- which also used to be privately owned by the Riggio family, and where the Riggios currently hold about 16 percent of shares -- for $174.2 million…

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A Soft Finish for 2016 At Lagardere Publishing

Lagardere reported fourth quarter results after the close of the market in Paris on Thursday, with publishing division sales of 619 million euros down 1.9 percent (or €12 million), "as expected," since they published a new Asterix in France in the final quarter of 2015. Acquisitions, including Perseus, added €22…

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Indigo Revenues Rise in Third Quarter

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal third quarter, ending December 31. Sales rose 4.5 percent, or $17.1 million, to $400.3 million (CA) for the quarter, driven by "lifestyle and toy categories" which, as was the case the previous quarter, was "partly offset by…

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In A Twist, Amazon Misses on Sales Growth But Improves On Earnings

Amazon reported fourth quarter sales after the close of the market on Wednesday, with results that surprised analysts by underperforming on sales growth versus expectations, even though they had higher income than expected. Since the stock price is driven by growth first and earnings later, shares declined from their all-time…

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Apple's Services Pass $7 Billion In Holiday Quarter

Apple reported sales for the holiday quarter -- Q1 2017 in their fiscal year -- that were slightly ahead of the company's record performance a year ago, and modestly ahead of analysts' estimates as well. Sales were $78.4 billion, with earnings per share of $3.36. The services segment, which includes iBooks…

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Barnes & Noble Lays Another Holiday Egg

We are accustomed to mediocre holiday sales reports from Barnes & Noble, since the last time the bookseller recorded an actual gain in core, same-store holiday book sales was the 2011 season. But even by that low bar, BN outdid themselves in holiday disappointment this time around: Same-store sales for…

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Barnes & Noble Education Reduces EBITDA and Comp Guidance, Stock Falls Sharply

Barnes & Noble Education reported second quarter sales on Tuesday morning, with persistent same-store sales weakness carrying over from the first quarter. The company blamed the "lower textbook and general merchandise sales" on "lower enrollments and a softer retail environment." As a result, full-year expectations for EBITDA growth have been…

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"Sluggish Sales" Lower Barnes & Noble Revenues 4 Percent

Barnes & Noble more or less met analysts' low expectations for their fiscal second quarter ending, October 29: Sales fell 4 percent, to $858.5 million, with same store sales down 3.2 percent "on lower store traffic," even with the help of Harry Potter and the Cursed Child. Total Nook sales --…

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