For the second straight quarter, Barnes & Noble beat Wall Street’s diminished expectations, with a reduced net loss of 4 cents a share (or $7 million) versus the predicted loss of 6 cents to 11 cents. EBITDA rose as well at $64.8 million, a 16 percent increase compared to a year ago, and while retail bookstore sales declined, those profits doubled. Though full holiday results won’t be reported until January 3, BN said Nook device sales “doubled over the four-day Black Friday weekend, across all channels” as compared to last year. The biggest likely concern–that we have pointed to before–is […]
