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Barnes & Noble Education fiscal Q2 profit falls 9.9% YOY

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Barnes & Noble Education fiscal Q2 profit falls 9.9% YOY

Barnes & Noble Education Inc. said its normalized net income for the fiscal second quarter ended Oct. 31 was 76 cents per share, compared with the S&P Capital IQ consensus estimate of 89 cents per share.

EPS declined 30.3% year over year from $1.09.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $36.8 million, a decrease of 9.9% from $40.9 million in the second quarter ended Nov. 1, 2014.

The normalized profit margin declined to 4.9% from 5.4% in the year-earlier period.

Total revenue totaled $755.9 million, compared with $751.7 million in the prior-year period, and total operating expenses rose from the prior-year period to $696.4 million from $686.3 million.

Reported net income declined 5.8% year over year to $33.5 million, or 69 cents per share, from $35.6 million, or 95 cents per share.