Barnes & Noble Education, Inc Common Stock (BNED)

U.S. Stock futures slipped on Sunday evening, following the Fourth of July weekend, after President Donald Trump's confirmation regarding the reciprocal tariffs that are set to go into effect on August 1, instead of July 9.

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.