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Barnes & Noble Inc (BKS)

  • Jun. 25, 2013, 8:46 AM
    The quick analyst take on Barnes & Noble (BKS): It's hard to find too much to like about the retailer's FQ4 numbers or the tone of the comments from execs. Belus Capital's Brian Sozzi calls the B&N report "horribly disappointing" while others note the bloom is decidedly off the rose for the sale of Nook Media to Microsoft. BKS -5.5% premarket to $17.94. (PR)
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  • Jun. 25, 2013, 8:40 AM
    More on Barnes & Noble (BKS): The company says results were impacted negatively by Nook inventory charges it was forced to realize. Revenue fell off 10% in the B&N's Retail segment and 35% for its Nook segment which was only partially offset by a 24% pickup in College segment revenue. Digital content sales declined 8.9% Y/Y off of a tough comparable to last year and lower-than-expected devices in play. For FY14, retail comparable bookstore sales are expected to decline at a low-single digit rate. BKS -8.1% premarket to $17.30. (PR)
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  • Jun. 25, 2013, 8:33 AM
    Barnes & Noble (BKS): FQ4 EPS of -$2.11 misses by $1.12. Revenue of $1.28B (-7.4% Y/Y) misses by $0.05B. (PR)
  • Jun. 25, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: BKS, CCL, LEN, WAG
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  • Jun. 24, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: BKS, CCL, LEN, WAG
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  • Jun. 24, 2013, 10:08 AM
    Barnes & Noble (BKS -1.7%) is in focus early this week just in front of the release of the company's FQ4 earnings report. What to watch: At 10:00 AM EST tomorrow B&N execs will be on the hot seat with questions expected to be asked by analysts on the future of Nook Media. What they don't say may be as important as what they do say.
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  • Jun. 20, 2013, 11:35 AM
    Shares of Barnes & Noble (BKS -1.1%) dip to their lowest level in a month with the company's FQ4 earnings report looming larger. Barclays isn't expecting a turnaround, forecasting B&N's comparable store sales at retail outlets lost ~10% during the quarter and weak Nook sales. Investors waiting for the Microsoft Hail Mary may have to ride out a few more bumps.
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  • Jun. 17, 2013, 9:08 AM
    Barnes & Noble (BKS) says it will keep its lowered level of pricing on Nook products in place after last week it introduced a Fathers Day promotion. The Nook HD+ is listed at $149 for the 16GB device and $179 for the 32GB version.
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  • Jun. 14, 2013, 10:52 AM
    Barnes & Noble (BKS +1.9%) trades higher as shares keep up their bouncy ways. Though this week the focus has been on the on-again, off-again rumored dalliance of Microsoft with Nook Media, Jim Cramer reminds investors that on the retail bookstore side B&N is the only game in town. To many, the sum of the parts still looks to be worth more than the whole if BKS trades below $20.
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  • Jun. 13, 2013, 2:37 PM
    Apple (AAPL +0.4%) roundup: 1) Suppliers are shipping a "large number" of parts for a cheaper iPhone, says Taiwan's Commercial Times. A 28nm app processor made by TSMC (TSM) is said to be among them. 2) iBookstore chief Keith Moerer says Apple's e-book sales doubled last year, and thinks its e-book share is at ~20%. John Paczkowski notes Amazon (AMZN) and Barnes & Noble (BKS) have been assigned shares of 65% and 25% in the past. 3) The minimum purchase needed for an iAd campaign is now only $50. It once stood at $1M. 4) Reuters' report about Apple mulling a $99 price for its low-cost iPhone is raising eyebrows, given the cheapest iPhone now goes for $450 unsubsidized. Was a subsidized price being discussed?
  • Jun. 13, 2013, 10:10 AM
    Shares of Barnes & Noble (BKS -4.4%) continue to trek lower off of a report that Microsoft isn't interested in Nook Media's digital assets after all. Speculation has gone back and forth on what Microsoft plans to do with B&N, but it's been over a year since the company invested $300M in Nook Media without anything panning out yet.
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  • Jun. 12, 2013, 4:16 PM
    Microsoft (MSFT) isn't interested in Nook Media's (BKS -6.1%) digital assets, sources tell dealReporter. The report led Barnes & Noble shares to dive over the final 15 minutes of trading. TechCrunch reported of Microsoft's interest in Nook Media last month, but a source later told Insider Monkey Microsoft "has no intention" of making a deal.
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  • Jun. 10, 2013, 9:05 AM
    Barnes & Noble (BKS) announces a major reduction in prices for its Nook products just in front of Father's Day weekend. The NOOK HD is available for $129 (8GB) and $149 (16GB) while the NOOK HD+ is dropped  to $149 (16GB) and $179 (32GB) in the one week promotion.
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  • Jun. 7, 2013, 4:36 PM
    Maxim's John Tinker thinks shares of Barnes & Noble (BKS) are cheap (does that still apply after today's rally?), but says he wouldn't be surprised "if the quarterly numbers are worse than expected" given the likelihood that Chairman Leonard Riggio will "be looking to pay as little as possible" for the retail division. Tinker notes that the retailer trades at a historically low EV/EBITDA ratio.
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  • Jun. 7, 2013, 12:04 PM
    Shares of Barnes & Noble (BKS +4.6%) spike higher after the company announces it will release FQ4 earnings on June 25. According to some traders, the move is largely technical based on the earnings date in relation to options expirations. As for the actual BKS numbers, analysts see revenue of $1.33B and a $0.96 per share loss for the quarter.
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  • Jun. 4, 2013, 10:25 AM
    The enemy of my enemy is my friend redux: Execs with Barnes & Noble (BKS +0.5%) will testify this week in a NYC courtroom on the behalf of Apple in the e-book collusion case against the company and publishers filed by the DOJ. B&N's Teresa Horner is expected to say Apple was simply responding to market forces when setting terms with publishers.
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Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.