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A Tepid Second Quarter for Books-A-Million

Books-A-Million said sales for the second quarter ending August 2 more or less stayed flat, dipping 0.5 percent to $108.3 million. Same-store sales inched up a mere 0.1 percent, while their net loss of $3 million, or 21 cents per share was a considerable improvement on the $9.1 million net…

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Book Sales in Indigo Q1 Grew For First Time in Almost Five Years

Canada's dominant bookseller Indigo reported fiscal first quarter (for the period ending June 28). Sales increased 5.4 percent, to $180.8 million CA, and the net loss of $14.0 million was an improvement upon the $20.9 million lost at the same time a year ago. Indigo largely attributed the quarter's revenue…

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Amazon Loses More Money Than Expected; Stock Suffers

Amazon's stock is down over 10 percent in early Friday trading (a decline of almost $40 a share) after reporting a larger than expected loss for their second quarter -- and forecasting bigger losses for the next quarter. Second quarter sales grew 23 percent to $19.34 billion, with an operating loss…

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Apple Reports Softer iPad Sales, As iTunes Continues Growth

Apple reported third quarter revenue after the close of market on Tuesday, with sales of $37.4 billion (up 6%, largely due to growth in China), and net profit of $7.7 billion. iPad sales of 13.3 million were down 9 percent (from 14.6 million units a year ago), making approximately 227…

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Google Play Grows Again

Google reported second quarter earnings after the close of the market Thursday. The segment in which they report Google Play sales -- "other revenues" -- was up 53 percent compared to a year ago, and up 3 percent from the previous quarter. It comprised $1.6 billion for the quarter. The company said…

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Barnes & Noble To Spin Off Nook As Public Company; Reports Weak Finish to Fiscal 2014

Barnes & Noble announced before the opening of the stock market Wednesday that it intends to split off its Nook Media division from the retail side, creating two separate, publicly traded companies. Shares rose over 10 percent in early morning trading on the news, up to roughly $22.5 a share.…

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Books-a-Million Celebrates A Flat First Quarter

Sales eked up $200,000 at Books-A-Million in their fiscal first quarter, ending May 3, reaching $103.8 million for the period. Same-store sales were down 2.5 percent, however, and the net loss of $5.6 million was significantly higher. (A year ago their loss was mitigated by a $2 million tax benefit.)…

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With Flat Sales and Bigger Loss, Indigo Sees Improvement on the Horizon

Canada's dominant bookseller Indigo reported fiscal fourth quarter sales (for the period ending March 29, 2014). Sales nudged up marginally, at $184.3 million CA, but the net loss of $14.4 million was much higher than the loss of $8.2 million a year ago. Those "higher expenses were primarily driven by…

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Google Play Continues Growth

Google reported first quarter earnings Wednesday afternoon that were somewhat short of analysts' expectations on both sales and earnings. Our narrow interest in their earnings reports remains the hints regarding their expanding Play store. The category that includes Play results -- "other revenues" -- was up 48 percent compared to…

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Weak Sales Continue at Books-A-Million, With Q4 Profits

Books-A-Million reported fourth quarter and full year results Thursday afternoon. Unlike last year's 14-week quarter, a once-every-six-years occurrence, BAMM's current Q4 reverted to the usual 13 week period. Sales continued to decline, down 3.7 percent to $157.9 million compared to $163.9 million a year ago. Same-store sales continued their pattern…

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