Barnes & Noble Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 was $1.24 per share, compared with the S&P Capital IQ consensus estimate of $1.19 per share.
EPS climbed 26.8% year over year from 98 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $91.2 million, a gain of 31.6% from $69.3 million in the year-earlier period.
The normalized profit margin climbed to 5.5% from 3.5% in the year-earlier period.
Total revenue decreased on an annual basis to $1.96 billion from $2.00 billion, and total operating expenses fell from the prior-year period to $1.81 billion from $1.88 billion.
Reported net income rose 13.1% on an annual basis to $68.9 million, or 93 cents per share, from $60.9 million, or 86 cents per share.
