Barnes & Noble Education, Inc (NYSE:BNED) outlined its fourth quarter earnings results on Tuesday 14th July 2020 before market open.
The bookstores operator for college and university campuses, reported $ 0.84 loss per share for the quarter, missed the consensus estimate of $ 0.48 loss per share by $ 0.36 or 75 percent.
The firm had revenue of $ 256.89 million for the quarter, compared to the consensus estimate of $ 220.54 million. The revenues topped analysts estimates by $ 36.35 million or 16.48 percent.
The financial report showed revenues decreased 23.18 percent versus fourth quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Michael P. Huseby, CEO and Chairman, commented, BNED was able to pivot quickly as a result of the unique strengths of our different businesses, which are all working together to ensure that our customers receive seamless, uninterrupted service as we fight the challenges this pandemic has presented.
