Barnes & Noble 4Q Profit Down

Barnes & Noble Inc. (BKS) announced that its 4th quarter profit fell 29 percent as sales dropped off because consumers scaled back on book purchases. Adjusted results beat Wall Street's expectations, and the bookseller provided a first-quarter earnings forecast in range of analysts' estimates. The company earned $81.2 million, or $1.46 per share, during the quarter ended Jan. 31, compared with $115 million, or $1.79 per share, a year earlier. Analysts predicted earnings of $1.48 per share on higher revenue of $1.78 billion.

by Mark Anderson | 03/19/09 | Stocks: BKS,

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Barnes & Noble 4Q Profit Down

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