Barnes & Noble gains on higher revenue, smaller adjusted loss

Barnes & Noble Education

10/03/2023 11:22

** Shares of Barnes & Noble Education Inc  BNED.N  up 19.2%
at $2.05 premarket
    ** The educational services provider posts Q3 revenue of
$447.1 mln vs $402.8 mln in year-ago quarter
    ** Revenue from BNED's retail and wholesale segments rises,
driven by increase in course material and general merchandise
sales and higher customer demand
    ** Company's Q3 adjusted loss narrows to $11.4 mln from
$28.9 mln a year earlier
    ** Shares fell 74.3% in 2022

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))