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UPDATE: Barnes & Noble Posts Narrower Q4 Loss

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

Barnes & Noble posted a quarterly loss of $57.6 million, or $1.08 per share, versus a year-ago loss of $59.4 million, or $1.04 per share. However, analysts were expecting a loss of $0.92 per share.

Its revenue came in at $1.38 billion, versus analysts' estimates of $1.48 billion.

Its retail sales gained 5% to $1.05 billion, while nook sales dropped 11% to $164 million.

Barnes & Noble shares closed at $15.24 yesterday.

Posted-In: lossEarnings News


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