logo
Plus   Neg
Share
Email

Barnes & Noble Posting Strong Gain On Narrower Than Expected Q2 Loss

Shares of Barnes & Noble, Inc. (BKS) have shown a strong move to the upside during trading on Wednesday, surging up by 6.1 percent.

The notable advance by Barnes & Noble comes after the bookstore chain reported a narrower than expected fiscal second quarter loss.

Barnes & Noble reported a second quarter loss of $0.38 per share compared to analyst estimates for a loss of $0.41 per share, although its revenues of $771.2 million came in slightly below expectations for $772.0 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com Inc. has named Elizabeth Gilbert's novel City of Girls as the best book of 2019 so far. The annual list, compiled by Amazon editors and released by the online retailer, features the Top 20 books of the year that were published between January and June 2019. It also features the best books across various categories, including literary fiction, mystery and thriller, and biography. Boeing Co. (BA) has finally received an order for its controversial 737 MAX from British Airways parent International Airlines Group (IAG). Boeing Tuesday said the two companies signed a letter of intent at the Paris Air Show for up to 200 Boeing 737 Max airliners, a deal that would be valued at more... The U.S. Food and Drug Administration's adoption of a maximum nicotine rule would be a "potential game changer" for the U.S. tobacco industry, but it could also cut profits for major tobacco companies in the U.S. by half, according to Morgan Stanley analysts. In October, the FDA will publish its proposed rule that regulates the amount of nicotine allowed in cigarettes and other tobacco products.
Follow RTT