NEW YORK (TheStreet) --Shares of Barnes & Noble (BKS) - Get Report are down by 1.14% to $26.03 at the start of trading on Thursday morning, after the bookseller reported its fiscal 2015 fourth quarter earnings results.
The company reported another net loss for the most recent quarter as it struggles with the declining market for print books, faces competition from Amazon.com Inc. (AMZN) - Get Report and deals with weak sales for its Nook e-reader, The Wall Street Journal reports.
For the most recent quarter Barnes & Noble reported a net loss of 37 cents per share, narrower than the loss of 72 cents per share reported for the fiscal 2014 fourth quarter.
Consolidated revenue for the latest quarter fell by 10.4% year-over-year to $1.2 billion.
Analysts polled by Thomson Reuters had expected Barnes & Noble to post an earnings loss of 39 cents per share on $1.18 billion in revenue for the fourth quarter of 2015.
Separately, TheStreet Ratings team rates BARNES & NOBLE INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BARNES & NOBLE INC (BKS) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: BKS Ratings Report