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Barnes & Noble Education fiscal Q4 profit climbs YOY

4910368 said its normalized net income for the fiscal fourth quarter ended May 2 was $1.6 million, a gain from $271,880 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.0% from 0.1% in the year-earlier period.

Total revenue declined 9.1% on an annual basis to $274.0 million from $301.3 million, and total operating expenses declined 9.8% year over year to $271.3 million from $300.6 million.

Reported net income came to a loss of $6.7 million, or a loss of 17 cents per share, compared to a loss of $1.7 million, or a loss of 5 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled 58 cents per share, a decline of 40.2% from 97 cents per share in the prior year.

Normalized net income was $22.3 million, a decline of 38.3% from $36.2 million in the prior year.

Full-year total revenue increased year over year to $1.77 billion from $1.75 billion, and total operating expenses rose year over year to $1.74 billion from $1.69 billion.

he company said reported net income decreased 61.3% year over year to $12.7 million, or 33 cents per share, in the full year, from $32.8 million, or 88 cents per share.Barnes & Noble Education Inc.

4910368 said its normalized net income for the fiscal fourth quarter ended May 2 was $1.6 million, a gain from $271,880 in the prior-year period.