Barnes & Noble Education beats by $0.04, misses on revs; reaffirms FY19 revs guidance range but sees revs at low end of range (6.45)
- Reports Q2 (Oct) earnings of $1.25 per share, excluding non-recurring items, $0.04 better than the two analyst estimate of $1.21; revenues fell 8.1% year/year to $814.8 mln vs the $842.45 mln two analyst estimate.
- Consolidated second quarter non-GAAP Adjusted Earnings increased to $60.1 million, as compared to $49.9 million in the prior year period; year to date non-GAAP Adjusted Earnings increased to $21.5 million, as compared to $20.1 million in the prior year period.
- Consolidated second quarter non-GAAP Adjusted EBITDA decreased to $95.4 million, as compared to $102.4 million in the prior year period; year to date non-GAAP Adjusted EBITDA decreased to $62.9 million, as compared to $70.0 million in the prior year period.
- Co reaffirms guidance for FY19, sees FY19 revs at low end of $2.2-2.3 bln vs. $2.11 bln two analyst estimate. Adjusted EBITDA to be in a range of $110 million to $125 million. The current outlook is expected to be at the low end of those ranges