Barnes & Noble Education, Inc Common Stock (BNED)

Barnes & Noble Education reported its first-quarter financial results after Tuesday's closing bell. Here's a look at the details from the report:

Immersion reported second-quarter revenue of $99.42 million, up from $6.98 million in the prior year's period. The haptics technology company reported adjusted earnings of $1.14 per share, up from 26 cents in the prior year's quarter, per Benzinga Pro.

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BNED stock results show that Barnes & Noble Education beat analyst estimates for earnings per share but missed on revenue for the fourth quarter of 2024.

Barnes & Noble shares are trading lower by 23% during Tuesday's session. The company announced several key updates including a 1-for-100 reverse stock split.

Barnes & Noble announced shareholders voted to approve its previously announced equity and refinancing transactions with Immersion Corp and existing shareholders.