Barnes & Noble (BKS) NewsBite - BKS Expects 2008 Earnings Below Estimates
Posted on March 04, 2008 at 09:54 AM EST
Barnes & Noble Inc. (BKS) opened at 25.35. So far today, the stock has hit a low of 25.01 and a high of 26.66. BKS is now trading at 26.35, down 1.98 (-7.81%). The stock hit its 52 week high of 43.80 in May and set its 52 week low of 25.01 today. BKS has been losing ground for most of the past year. Barnes & Noble warned yesterday evening of "an especially challenging retail year" and forecast 2008 earnings well below analysts' expectations. The company expects fourth quarter earnings between $1.76 and $1.82 per share, while a...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)