Barnes & Noble Education (BNED) Misses Q4 EPS by 29c

Barnes & Noble Education (NYSE: BNED) reported Q4 EPS of ($0.86), $0.29 worse than the analyst estimate of ($0.57). Revenue for the quarter came in at $222.8 million versus the consensus estimate of $230.5 million.

Outlook:

While it is difficult to predict the ongoing effects of the COVID-19 virus with any certainty, based on its current views, the Company expects to generate positive non-GAAP Adjusted EBITDA in fiscal year 2022, as most schools return to a traditional on-campus environment for learning and sporting activities. The Company expects non-GAAP Adjusted EBITDA to approach annual pre-COVID levels in fiscal year 2023, as campuses fully resume on-campus learning and sporting activities with substantially less-restrictive COVID-related policies and operating protocols.

For earnings history and earnings-related data on Barnes & Noble Education (BNED) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• FirstCash to acquire UK pawn operator Ramsdens for £206 million
• JPMorgan Starts ICICI Prudential Asset Management (ICICIAMC:IN) at Overweight