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B&N beats 4Q estimate
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March 16, 2000: 10:30 a.m. ET
Biggest U.S. bookseller says revenue jumped 30% in period
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NEW YORK (CNNfn) - Barnes & Noble Inc., the largest U.S. bookseller, reported fiscal fourth-quarter operating profit Thursday slightly ahead of Wall Street's expectations.
The New York-based retailer earned $1.27 per diluted share for the quarter ended Jan. 29, up from 90 cents per share a year earlier. The latest results include a 13 cent per share loss from the company's stake in its online spin-off, BarnesandNoble.com (BNBN: Research, Estimates), and pro forma earnings from the company's newly acquired Babbage's Etc. video game and computer software division.
The results beat the First Call consensus estimate of analysts of $1.25 per share.
Fourth-quarter revenue jumped 30 percent to $1.33 billion.
For the full year, operating earnings totaled $1.37 per share, up from 73 cents a year earlier. Sales rose 16 percent to $3.49 billion.
In early trading Thursday, Barnes & Noble (BKS: Research, Estimates) stock gained 1-1/4, or 7 percent, to 19-3/16 on the New York Stock Exchange. 
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Barnes & Noble
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