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Thursday, May 19, 2022

Barnes & Noble Education Inc (BNED) stock plunged in the after-market. Here’s the reason

Barnes & Noble Education Inc (BNED) stock remained bullish and was trading at $4.08 before the end of the recently traded session. The stock of BNED plunged in the after-market and lost 5.88% to $3.84. The stock kept oscillating between $3.90 and $4.16. BNED plunged after some news about the change in the S&P 600 index came. Moreover, earlier this month, BNED declared the release of advanced study and writing apparatuses. Also, the results for the third quarter of the fiscal year 2022 were reported.

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Barnes and Noble Education, Inc (BNED) is a main solutions supplier for the education business, driving moderateness, access, and accomplishment at many scholarly organizations across the country and guaranteeing a huge number of students are prepared for progress in the classroom. BNED has a market capitalization of $212.36 million and has its headquarters in Basking Ridge, New Jersey, USA.


On 25 March 2022, S&P Indices publicized some news regarding the changes being made in the S&P Indices. According to the news, Embecta Corp (EMBC) is likely to replace Barnes & Noble Education Inc (BNED) in the S&P SmallCap 600 Index. The change will be valid before the opening of trade on 4 April 2022. BNED is at this point not a member of the S&P SmallCap 600 index. BNED’s elimination from the index played a major role in the decline of stock during the after-market.

Moreover, earlier this month, on 7 March 2022, the firm declared the release of advanced study and writing apparatuses at Delgado College. This inventive program will give all necessary course materials and the set-up of Bartleby computerized tools for all students on all Delgado Community College grounds. The program offers a full scholastic opportunity for faculty, permitting them to choose course materials they believe are best for their educational plan. Students will likewise have a 24/7 admittance to Bartleby’s study assets.

Company Financials

On 8 March 2022, BNED also published the results for the third quarter of the fiscal year 2022. The key points of the results are

  • BNED had revenue of $402.7 million in Q3 of FY22 against $411.6 in the same period of last year. Moreover, the revenue for FY22 was reported to be $1.27 billion compared to $1.21 billion in FY21.
  • Also, the company reported the total loss in Q3 of FY22 to be $36.8 million as compared to $48.2 million in Q3 of FY22. Moreover, the total loss in FY22 was $58.6 million versus $87.4 million in FY21.
  • Besides, the loss of $0.71 and $1.13 per stock was reported in Q3 and FY22, sequentially.

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