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UPDATE: Barnes & Noble Posts Wider FQ1 Loss

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

Barnes & Noble posted a quarterly loss of $87 million, or $1.56 per share, versus a year-ago loss of $40 million, or $0.76 per share.

Its revenue dropped to $1.33 billion from $1.45 billion. However, analysts were projecting a loss of $0.90 per share on revenue of $1.31 billion.

Barnes & Noble shares tumbled 11.82% to $14.70 in pre-market trading.

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