Mar 05 2007
Lower prices for its club members combined with deep discounting for Harry Potter and the Deathly Hallows caused Barnes & Noble to forecast earnings projections for the current fiscal year that were well below analysts' expectations. The company said it expects earnings per share to be in the $1.65 to $1.80 range; whereas analysts had anticipated earnings to be about $2.41 per share. The announcement caused B&N's stock to fall sharply.
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