Barnes & Noble Education (BNED), a provider of educational products and services solutions for higher education and K-12, reported an unexpected profit in its fiscal Q4 as sales improved.
EPS totaled $0.36 for the period ended April 28, compared to breakeven per share, in the year-ago period. Analysts had expected a net loss of $0.02 per share, according to Capital IQ data, but it’s unclear if this is comparable.
Fiscal Q4 sales increased 4.3% to $357.7 million, from $342.8 million. Analysts had projected sales to drop to $340.9 million.
For FY19, the company expects sales to be in the range of $2.2 billion to $2.3 billion. Analysts had forecast sales of $2.18 billion.