Barnes & Noble posted a $6.06 million third-quarter net loss as sales slowed for its Nook e-readers and tablets. The net loss in the quarter ended Jan. 26 was 18 cents a share, compared with profit of $52 million, or 71 cents, a year earlier.
February 28, 2013 at 12:00 AM
1 minute read
Barnes & Noble Inc., whose founder Leonard Riggio plans to offer to buy the bookstore chain’s retail assets, posted a $6.06 million third-quarter net loss as sales slowed for its Nook e-readers and tablets.
The net loss in the quarter ended Jan. 26 was 18 cents a share, compared with profit of $52 million, or 71 cents, a year earlier, the New York-based company said Thursday in a statement.
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