Barnes & Noble, Inc. (NYSE: BKS) goes down, as Staples, Inc. (NASDAQ: SPLS) aims higher

Staples, Inc. (NASDAQ: SPLS) quarterly earnings rose to $ 129.8 million

In brief: Barnes & Noble, Inc. (NYSE: BKS) shares lost in value during the Pre-market trading. Staples, Inc. (NASDAQ: SPLS) reported on high profits.

Staples, Inc. (NASDAQ: SPLS) shares may rise drastically today, in line with analysts’ expectations. Barnes & Noble, Inc. (NYSE: BKS) may start trading in the red zone, pre-market remains negative for the Barnes & Noble shares: 15.65 -0.16 (-1.01%).

While Barnes & Noble, Inc. remains in the red zone, Retailer Staples reports net profit growth in the second quarter (closing July 31) from $ 92.4 million, or 13 cents per share, the previous year to $ 129.8 million, or 18 cents per share. With the exception of a number of items, Staples’ profit totaled to 20 cents per share, coinciding with analysts’ average forecasts. Sales for the period under review haven’t changed amounting to $ 5.53 billion, while analysts predicted an average $ 5.64 billion.

Anna Krostenski
2010-08-19 13:26, Economics.

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