Barnes & Noble Q1 loss narrows to $40M as Nook sales decline
Barnes & Noble narrowed its fiscal first-quarter loss, but suffered through a few hiccups with its Nook e-reader business.
The book retailer posted a loss of $40.9 million, or 78 cents a share, compared with a loss of $56.6 million, or 99 cents a share, from a year ago. Revenue rose only slightly to $1.45 billion from $1.42 billion a year ago.
Analysts, on average, estimated that the company would post a loss of 98 cents on revenue of $1.48 billion, according to Thomson Reuters.
The company's Nook unit, which includes the e-reader and … Read more