BASKING RIDGE, N.J. (AP) — BASKING RIDGE, N.J. (AP) — Barnes & Noble Education Inc. (BNED) on Tuesday reported a loss of $99.5 million in its fiscal first quarter.
The Basking Ridge, New Jersey-based company said it had a loss of $7.36 per share. Losses, adjusted for one-time gains and costs, came to $3.07 per share.
The operator of book stores on college campuses posted revenue of $263.4 million in the period.
Barnes & Noble Education shares have decreased 93% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.26, a decrease of 90% in the last 12 months.
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