UPDATE: Barnes & Noble Posts Narrower Q4 Loss

Barnes & Noble

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.