New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 28, 2012
10:05 EDTBKS, PSOBarnes & Noble climbs after Pearson deal despite holiday sales miss
Barnes & Noble (BKS) is advancing after the company announced that its holiday sales would be lower than expected, but also said that British publishing company Pearson (PSO) would invest $89.5M in the American retailer's NOOK unit. Based on preliminary sales results during the holiday season and sales trends, Barnes & Noble expects its holiday sales results will be below expectations, while sales of the company's NOOK e-readers for its current year will not meet its previous forecast. On November 29, Barnes & Noble predicted that its losses from its NOOK unit, excluding certain items, would decrease during its current fiscal year. The retailer also previously reported that its NOOK unit sales had doubled over the four day Black Friday weekend. Meanwhile, Pearson agreed to invest $89.5M of cash in Barnes and Noble's NOOK unit, using a post-investment valuation of about $1.789B. Pearson will receive a 5% stake in the unit, Barnes & Noble added. In early trading, Barnes & Noble climbed 91c, or 6.34%, to $15.26.
News For BKS;PSO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 24, 2014
05:33 EDTPSOPearson reports 9-month sales up 1% at constant exchange rates
Pearson reports 9-month North American sales down 6% in headline terms. The company reiterates its full year guidance - adjusted earnings per share expected to be between 62p and 67p in 2014. It said its restructuring program remains on track.
05:31 EDTPSOPearson says CFO to step down before end of 2015
Subscribe for More Information
October 22, 2014
08:32 EDTBKSSamsung, Barnes & Noble introduce new large screen Galaxy Tab 4 NOOK
Subscribe for More Information
October 21, 2014
09:31 EDTBKSEagle Materials, GenCorp mentioned positively by Lerner, Bloomberg reports
Chesapeake Partners' Traci Lerner is said to have mentioned Eagle Materials (EXP), GenCorp (GY), Barnes & Noble (BKS) and American Airlines (AAL) as stocks she likes, according to Bloomberg, citing comments made by Lerner at the Robin Hood Conference.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use