Barnes & Noble this morning
reported sales and earnings for its second quarter ended October 29, 2011, and they're a mixed bag. Total sales decreased slightly, from $1.9 billion to $1.89 billion, compared to the prior year. The company posted a net loss of $6.6 million for the quarter, or $0.17 per share, as compared to a net loss of $12.6 million last year. This is below Wall Street expectations. B&N further said that the consolidated NOOK business across all of the company?s segments, including sales of digital content, device hardware and related accessories,
increased 85 percent in the second quarter to $220 million, on a comparable sales basis.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/1CCp7a2N9EY/
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