Barnes & Noble Inc. said its normalized net income for the fiscal second quarter ended Nov. 1 was 14 cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
EPS fell 10.2% year over year from 15 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.2 million, a decline of 9.5% from $9.0 million in the second quarter ended Oct. 26, 2013.
Total revenue fell year over year to $1.69 billion from $1.73 billion, and total operating expenses fell from the prior-year period to $1.67 billion from $1.71 billion.
Reported net income declined from the prior-year period to $7.1 million, or 12 cents per share, from $7.2 million, or 12 cents per share.
