UPDATE: Barnes & Noble Reports Narrower FQ1 Loss

Barnes & Noble Inc (NYSE: BKS) reported a narrower fiscal first-quarter loss.

Barnes & Noble reported a quarterly net loss of $56.6 million, or $0.99 per share, versus a loss of $62.5 million, or $1.12 per share, in the year-ago period. However, analysts were expecting a loss of $0.94 per share.

Barnes & Noble's revenue climbed to $1.42 billion, versus analysts' estimates of $1.46 billion.

Barnes & Noble shares closed at $11.43 yesterday.