Barnes & Noble Makes Progress, Shifts Back to Books
Barnes & Noble (NYSE: BKS) announced disappointing fiscal second-quarter results on Thursday, and the stock fell nearly 12% in response. But the bookseller lauded traffic improvements and cost-reduction initiatives as it strives to return to sustained profitability.
Let's take a closer look at how Barnes & Noble capped the first half of its fiscal year, as well as what investors should expect in the quarters ahead.
IMAGE SOURCE: BARNES & NOBLE.
Source: Fool.com