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Article: Borders Group Posts Q3 EPS Of $0.01 On 7.7% Sales Gain; Company Initiates Quarterly Dividend; Q4 EPS Guidance Represents 10% to 14% Increase Over LY.
- Article from:
- Business Wire
- Article date:
- November 20, 2003
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Business Editors
ANN ARBOR, Mich.--(BUSINESS WIRE)--Nov. 20, 2003
Borders Group Inc. (NYSE:BGP) today reported results for the fiscal third quarter of 2003, which ended Oct. 26. Consolidated earnings per share for the period were $0.01, which is $0.03 above the same period last year and $0.01 above the high end of the company's previous EPS guidance range of a $0.02 loss to breakeven issued Aug. 21. At $807.9 million, third quarter consolidated sales were up 7.7 % over 2002.
Borders Group also announced that the company's Board of Directors has declared its first-ever cash dividend. The first quarterly dividend of $0.08 per share on Borders ...