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Pottermore Reports Another Big Loss, Still Promising Turnaround

A year ago JK Rowling's representatives were insisting the worst was behind them after reporting a significant annual loss for Pottermore, citing "recording breaking sales in December 2015" -- and now the turnaround story is being pitched again. They are "on the path to profitability" for the fiscal year ending…

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"Sluggish Sales" Lower Barnes & Noble Revenues 4 Percent

Barnes & Noble more or less met analysts' low expectations for their fiscal second quarter ending, October 29: Sales fell 4 percent, to $858.5 million, with same store sales down 3.2 percent "on lower store traffic," even with the help of Harry Potter and the Cursed Child. Total Nook sales --…

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Book Sales Improve in Indigo's Second Quarter

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal second quarter, ending September 26. Sales rose 5.4 percent, or $11.2 million, to $216.9 million (CA) for the quarter, driven by "continued double digit growth in the general merchandise business, and growth in the core book business enhanced by…

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Potter and Education Lift Lagardere Publishing

Lagardere reported third quarter results, with the publishing division reporting "a strong quarter with double-digit growth," based on a few gifts: They gained from publishing the Harry Potter play script in the UK and export territories, and from "the effects of curricular reform in France," plus the unit continued to…

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A Mixed Quarter for Harper, As Profits Rebound On Declining Sales

HarperCollins' parent company News Corp. reported fiscal first quarter results on Monday after the close of the market, with mixed results for the book publishing unit. Sales of $389 million were down $20 million from the first quarter a year ago -- blamed on the "the absence of revenues from…

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Springsteen Helps S&S To a Strong Third Quarter

Simon & Schuster's parent company CBS reported third quarter sales after the close of the market on Thursday, with book publishing revenues rising 11 percent to $226 million from $203 million a year ago, good enough to turn sales positive for the year-to-date. Operating income also grew modestly, by $1…

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Houghton Slashes Expectations Again After Poor Quarter; Stock Falls Sharply

After a job-ending $40 million reduction in expectations for former ceo Linda Zecher followed by a warning from the board that things might be even worse, those ominous signals ("Considering the importance of the third quarter, HMH plans to provide a further update on its expected financial performance for the full…

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Amazon's Stock Falls on Slimmer Than Expected Profits; Media Sales Now Even with Apple

Amazon and Google both reported third quarter sales after the close of the market on Thursday. Amazon was expected to exceed analysts' expectations (yes, that's as crazy as it sounds) but they only fulfilled that halfway: Indeed sales of $32.7 billion were about $130 million ahead of those estimates, rising 29…

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Potter Lifts Bloomsbury Sales Again, Though Profit Declines

Bloomsbury reported results for the first half of their fiscal year, ending August 31, with sales rising £10 million to £62.7 million, though adjusted profit fell to £1.5 million down £.5 million), blamed on the ending of their contract for publishing services with the Qatar Foundation. As in the previous fiscal year, Harry Potter…

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Apple's "Services" Grow 24 Percent, Pulling Even or Ahead of Amazon

Apple reported fourth quarter results on Tuesday morning, with sales of $46.9 billion in line with expectations and net income of $9 billion, or $1.67 per share, a penny per share above "expectations" -- even though those numbers were below results from the same quarter a year ago. iPads moved another…

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