Barnes & Noble Sees Meeting Third-Quarter Estimates

Author:: Ilan Tsapovski
Publish date:: Nov 8, 2000 11:18 AM EST

Barnes & Noble

said it will meet analysts' expectations for the third quarter, despite a

Sony PlayStation 2

game console shortage.

The company expects earnings from video game and entertainment software stores to meet analysts' estimates, as strong sales of video game products more than offset a reduced allocation of the PlayStation 2 during the quarter.

However, third-quarter same-store sales from the video game and entertainment software stores are expected to fall 16.8% as a result of the PlayStation 2 shortage.

The company expects comparable third-quarter bookstore sales to rise 5.6%. Wall Street expects the company to lose 5 cents a share for the third quarter, according to

First Call/Thomson Financial

Barnes & Noble expects to report results Nov. 16. The company's shares were recently up 38 cents, or 1.9%, to $19.50 in

New York Stock Exchange

trading.