Barnes & Noble has been cutting expenses in the challenging environment, and said it expected 2009 expenses to be flat with 2008 as a percentage of sales.
The chairman and chief executive, Richard Robinson, attributed the shortfall to lower-than-expected sales at Scholastic's trade and school book club businesses, and said the company expects 2003 earnings per share to be flat with 2002 amid a weak economy.
However, its 2003 revenue will still be flat with 2002, helped by gains from subscription revenue.
Newspaper operating income could be flat with 2009, but still down more than 40% from 2008, Gould noted.
Since these are year-over-year numbers, seasonality is accounted for (there are more clicks in the months leading up to Christmas than after, but this January should not be flat with last January).
The company is forecasting double-digit growth for its merchandising unit, and expects its television results to be flat with 2000, with a narrower loss in its Internet/Direct Commerce division.
Total industry sales for the month were flat with last year, Ward's said.
In other news, Comcast posted third-quarter earnings that were flat with last year's report, despite stronger revenue from digital cable and high-speed Internet services.
So we didn't exempt science last year science went through the same process everyone else did last year and came out with a budget that was flat with 2010.
The freshman legal drama "Rake," starring Greg Kinnear, was flat with last week's weak 0.8.
The freshman legal drama "Rake," starring Greg Kinnear, was flat with last week's weak 0.8. .
