This is what it has come to. Barnes & Noble reported fiscal first quarter sales through July 28, and once again fell short of analysts’ expectations. The stock is down about 8 percent in the first hour of trading. Sales of $795 million were down 6.9 percent from a year ago (expectations were $833 million) and…
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Hasan Altaf joins the Paris Review as managing editor next Tuesday. Most recently, he was the managing editor at Harper’s Magazine. Fiction writer, poet, and musician Christian Keifer takes the new role of West Coast editor. Additionally, an expanded roster of advisory editors incorporates former poetry editor Robyn Creswell, plus Saskia Hamilton and Christopher Merrill….
Sales Slide at Penguin Random House On Softer Dollar and More
Bertelsmann reported results for the first half of the year on Thursday, with sales at Penguin Random House+ (the PRH joint venture, plus the separate Random House Germany) registering €1.482 billion, down €48 million (or 3.1 percent) overall from a year ago. Operating EBITDA fell further, to €171 million, down 35 million (or 17 percent)….
New Accounting Rules Will Likely Lift Penguin Random House’s Sales: It’s A Long Story
On Thursday Penguin Random House’s parent company Bertelsmann will be the last of the big companies to report financial results through June 30, and when that happens, there will be something different about PRH’s results. The company will use a different accounting method for their ebook sales, making their overall sales for the past six…
Barnes & Noble Education Falls Short In First Quarter and Stock Drops
After one glorious quarter of giving investors a little comfort, Barnes & Noble College is back to its old ways. The company reported fiscal first quarter earnings on Wednesday morning, missing analysts’ expectations for what is their quietest quarter. Sales of $337.5 million were down $18.2 million or 5.1 percent — even with the incorporation…
Harper Has Big Gains In Sales, Profits
News Corp reported fourth quarter results on Thursday, with HarperCollins turning in a strong quarter, recording sales of $490 — up $83 million from the same period a year ago. Along with the higher sales, book publishing EBITDA was much higher too, at $71 million, compared to $39 million a year ago. One big, profitable…