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June 25, 2014
11:28 EDTBKS, AMZNBarnes & Noble soars after agreeing to split retail, Nook businesses
Shares of bookseller Barnes & Noble (BKS) surged after the company reported better than anticipated fourth quarter revenue and announced that its board authorized management to separate its Retail and Nook Media divisions. WHAT'S NEW: The book retailer announced that its board authorized company management to take steps to separate the Barnes & Noble Retail and NOOK Media businesses into two separate public companies and it expects to complete the separation by the end of Q1 of next calendar year. In terms of the separation of the divisions, the company said, "We have determined that these businesses will have the best chance of optimizing shareholder value if they are capitalized and operated separately. We fully expect that our Retail and NOOK Media businesses will continue to have long-term, successful business relationships with each other after separation.” Barnes & Noble experienced a loss per share of (72c) in Q4, which was a steeper loss than analyst's expectations for (49c) per share. The company's Q4 revenue of $1.32B beat analyst's consensus forecast of $1.19B. The bookseller reported that its retail same-store-sales in the quarter were down 4.1%. Excluding the effect of February's harsh winter weather, Q4 "Core" SSS decreased 0.5%, which was in-line with previously reported Q3 results, B&N noted. NOOK device and accessories sales were $25M for Q4 and $260M for FY14, declining 30.1% and 44.8%, respectively, due to lower selling volume and lower average selling prices. Barnes & Noble sees FY15 College same-store-sales, Retail comparable bookstore sales and "Core" comparable bookstore sales to be down in the low-single digits. WHAT'S NOTABLE: During the company's earnings conference call, Barnes & Noble said it does not plan to open any retail bookstores in FY15 and it does not intend to further discuss details of the separation of its Retail and Nook Media divisions at this time. Still, the company says that it is "encouraged" by core business trends. Barnes & Noble is expecting FY15 capital expenditures of $140M. The company noted that it has "clearly seen an uptick" in sales of Hachette books due to the Amazon (AMZN) fight. PRICE ACTION: During late-morning trading, shares of Barnes & Noble were up $1.24 or 6%, to $21.80.
News For BKS;AMZN From The Last 14 Days
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February 26, 2015
09:01 EDTBKSBarnes & Noble to separate College business from Retail and NOOK businesses
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February 25, 2015
16:00 EDTAMZNOptions Update; February 25, 2015
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06:01 EDTAMZNGlobal tablet shipments forecast at 221.4M units in 2015, DigiTimes says
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06:01 EDTAMZNReport: Amazon reduces tablet orders to Compal, Quanta by 30%, DigiTimes says
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February 23, 2015
16:00 EDTAMZNOptions Update; February 23, 2015
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11:35 EDTAMZNAmazon picks Benson to head advertising for original TV series, Variety says
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10:31 EDTAMZNEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
February 20, 2015
16:03 EDTAMZNOptions Update; February 20, 2015
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09:38 EDTAMZNActive equity options trading on open
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07:10 EDTAMZNBrean Capital to hold a bus tour
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06:04 EDTAMZNAmazon expands two-hour delivery program to Brooklyn, Re/code says
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February 19, 2015
10:16 EDTAMZNAmazon advances after Munster says margin could jump
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07:17 EDTAMZNMaxim to hold a bus tour
Internet/Tech Bus Tour travels throughout Seattle, Washington to various with various industry companies on February 19.
05:47 EDTAMZNAmazon.com price target raised to $475 from $420 at Piper Jaffray
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February 18, 2015
09:02 EDTAMZNAmazon says has greenlit five new Amazon Original Series
Amazon announced it has greenlit five new Amazon Original Series, including The Man in the High Castle, which is based on the Philip K. Dick alternative history novel; an hour-long dark comedy Mad Dogs; docu-series The New Yorker Presents; along with kids shows Just Add Magic, and The Stinky & Dirty Show.
08:43 EDTAMZNIAC, Qualcomm, Amazon seen as breakup candidates, Bloomberg says
Website holding company IAC/InterActiveCorp (IACI), chipmaker Qualcomm (QCOM), and e-commerce giant Amazon.com (AMZN) are all see by analysts as potential candidates for breakups or spin-offs, according to Bloomberg's "Real M&A" column. Reference Link
February 17, 2015
16:00 EDTAMZNOptions Update; February 17, 2015
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09:40 EDTAMZNActive equity options trading on open
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February 15, 2015
16:45 EDTAMZNFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportation’s Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in today’s aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link
February 13, 2015
09:25 EDTAMZNUBS software analyst to hold an analyst/industry conference call
Software Analyst Thill, along with Microsoft expert, author and blogger Mary Jo Foley, discuss Microsoft and whether the commercial slowdown is permanent, with AWS (Amazon Web Services) dropping prices and Microsoft matching, how will they make money in the cloud on an Analyst/Industry conference call to be held on February 13 at 11 am.
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