BASKING RIDGE, N.J. (AP) — BASKING RIDGE, N.J. (AP) — Barnes & Noble Education Inc. (BNED) on Monday reported fiscal third-quarter net income of $7.1 million, after reporting a loss in the same period a year earlier.
The Basking Ridge, New Jersey-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring gains, were 12 cents per share.
The operator of book stores on college campuses posted revenue of $466.3 million in the period.
Barnes & Noble Education shares have dropped 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.62, a drop of 91% in the last 12 months.
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