Barnes & Noble Education (BNED) Reports Q1 Loss, Misses Revenue Estimates

Barnes & Noble Education reported a Q1 loss of $0.37 per share, beating expectations of a $0.50 loss, but missed revenue estimates with $290.6 million versus the consensus estimate. Despite the revenue miss, the stock has gained 38.4% year-to-date and holds a Zacks Rank #2 (Buy) rating based on favorable estimate revisions.