Barnes & Noble, Inc., (BKS): Founded in 1986, based in New York, New York, Barnes & Nobles, Inc., operates as a bookseller in the United States and the District of Columbia.
Market is expecting a loss of 33 cents a share for the quarter ended October 2009, a drop of 15 cents compared to its actual loss it posted in the same quarter a year ago. The company posted a profit of $1.57 a share for the quarter ended January 2009, a loss of 4 cents a share for the quarter ended April 2009, and a profit of 14 cents a share for the quarter ended July 2009.
Currently trading at around $22.30 with an average volume of about 1.6 million shares a day. BKS is in my SHORT sell watch list for short term trading. Watch for earnings on Tuesday November 24, 2009 before market open.
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UPDATE: Barns & Noble on Tuesday posted a larger second quarter loss than last year and lowered its profit forecast for this quarter. The company posted a loss of $24 million or 43 cents a share, market was expecting a loss of 33 cents a share. Shares fell more than 6% during the trading sesssion on Tuesday November 24, 2009.
