Barnes & Noble Sees Meeting Third-Quarter Estimates
Barnes & Noble
(BKS) - Get Barnes & Noble, Inc. Report
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.
TheStreet Recommends
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.
