Why Barnes & Noble, Inc. Stock Sank Today

Shares of Barnes & Noble, Inc. (NYSE: BKS) were sliding today after the bookstore chain issued a disappointing first-quarter earnings report and posted results that were below analyst estimates. As of 11:16 a.m. EDT, the stock was down 10.2%.

The retailer said overall revenue slipped 6.6% to $853.3 million, missing expectations of $873 million, and its loss per share narrowed from minus $0.20 to minus $0.15, but that was short of the consensus of minus $0.12.

Image source: Barnes & Noble.

Source: Fool.com