UPDATE: Barnes & Noble Posts Q2 Profit

Barnes & Noble

reported a profit in the second-quarter. Barnes & Noble posted a quarterly profit of $13.2 million, or $0.15 per share, versus a year-ago loss of $501,000, or $0.07 per share. Its total revenue dropped to $1.73 billion from $1.88 billion. However, analysts were projecting a loss of $0.03 per share on revenue of $1.76 billion. Barnes & Noble shares closed at $16.43 yesterday.