Barnes & Noble Reports Strong Sales of Nook e-readers

Barnes & Noble Inc BKS reported strong rise in its sales of its Nook e-readers. Its sales of the Nook group of devices, including e-books, surged 85% to $220 million in its fiscal second quarter ended Oct. 29. Barnes & Noble posted a quarterly net loss of $6.6 million, or $0.17 per share, versus a year-ago loss of $12.6 million, or $0.22 per share. BKS shares dropped 8.37% to $15.98 at 10:00 am.