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Aug 20 – Aug 26, 2012 Edition Grim News Ahead for Barnes and Noble?
Monday, August 20, 2012–Barnes & Noble is due to report its earnings on Tuesday and stock analysts were predicting grim news.
Smallcapnetwork.com asked the question in a news story today, Is the Sky Falling for Barnes & Noble.
On Tuesday, Barnes & Noble (NYSE: BKS) is scheduled to report earnings before the market opens and one has to be asking just where on earth do you begin with these three troubled stocks. The Small Cap Network reported that Barnes & Nobles (BKS) days may be numbered thanks to too many past missteps . . .
Analysts are asking whether Barnes & Noble can pull something out of a hat?
Barnes & Noble is a content, commerce and technology company providing customers access to books, magazines, newspapers and other content across its multi-channel distribution platform. On Friday, Barnes & Noble fell 0.32% to $12.34 (BKS has a 52 week trading range of $9.35 to $26.00 a share) for a market cap of $739.54 million plus the stock is down 14.8% since the start of the year, up 23.6% over the past year and down 63.5% over the past five years.
Wall Street expects Barnes & Noble to report a 4.3% revenue rise to $1.48 billion but also a bigger net loss of $1 per share verses the loss of 94 cents per share for the same period last year. Barnes & Noble is hoping to report a solid quarter to break its loosing streak. However, Barnes & Nobles future is not looking bright thanks to huge missteps in the past e.g. ceding at least 1 million customers to Amazon.com (NASDAQ: AMZN) and its Kindle before launching the Nook, not seeking the help of a big tech giant until just this year etc. And while Barnes & Noble is now plotting the Nooks global debut, it all seems to be too little too late given how much competition there is right now in the tablet space, Small Cap said.