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BN Pays Microsoft $62.5 Million In Nook Buyback

In a series of complex SEC documents, Barnes & Noble indicated that they have paid Microsoft $62.5 million to buyback their 16.8 percent share in Nook Media LLC, along with 2.74 million shares of BN stock (valued at $62.5 million, though that stock is worth less already). That implies a…

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Barnes & Noble Disappoints Again with Lower Earnings; Terminates Microsoft Nook Partnership

There was a suspicious spate of financial articles the last couple of days tipping the idea that the worst is over at Barnes & Noble and Nook and earnings would be up -- but the results announced before the opening of the market on Thursday proved those hopeful stories wrong…

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Sales Uptick As Losses Flatten in Books-A-Million Third Quarter

Books-A-Million said sales for the third quarter ending November 1 increased slightly from the previous year, up 1.2 percent to $101.2 million. Same-store sales inched up an equivalent amount, 1.8 percent, while their net loss of $6.9 million, or 50 cents per share was almost exactly the same amount lost…

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Amazon Misses Wall Street's Expectations On Bigger Loss; Shares Decline

Amazon announced third quarter sales after the close of the market on Thursday afternoon, missing analysts' expectations on both sales and earnings and disappointing on guidance for the next quarter as well. The stock dropped sharply in after-market trading Thursday, down over 11 percent (or $35 a share), though in regular…

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Bloomsbury Declines In First Half on Lower Adult Trade Sales

Bloomsbury reported weak sales and earnings for the first half of 2014, with revenues down 5 percent (or £2.6 million) to £46.6 million, and pre-tax profit down 26% (or £.6 million) to £1.7 million. The company blamed the comparison to an "exceptional" first half last year on the release of…

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Apple Celebrates Another Big Quarter

Apple reported fiscal fourth quarter results after the close of the market on Monday, with a strong launch of the new iPhones moving over 39 million units and taking company sales to $42 billion for the quarter, up 12 percent compared to a year ago. iPad sales declined 13 percent…

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Google Play Maintains Rapid Growth, and More

Google reported third quarter revenues after the close of the market on Thursday, and the company continues to show significant growth in the business segment that includes the Google Play Store. Called "other revenues" by the company (also including their hardware line and their Enterprise software business), the segment had…

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Books Sales Fall Again At WH Smith, As Profits Improve

WH Smith reported preliminary results for fiscal 2014, with sales at their High Street stores falling 6 percent to £684 million. Book sales overall fell more, down 8 percent for the year as the "market continues to be challenging" (after declining 6 percent in the previous year). Same-store sales were…

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More Facts From Barnes & Noble's Filings

As usual, Barnes & Noble's formal quarterly report to the SEC includes some additional details of interest not included in Tuesday's press release and investor call, though this time around those additional disclosures are pretty modest. In the most recent quarter, BN customers activated just $6.2 million of the credits…

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Barnes & Noble Has Soft Sales But Smaller Loss As Nook Fades; Asset Separation Presents New Possibilities

Sales fell more than expected by analysts at Barnes & Noble in their fiscal first quarter, ending August 2, down 7 percent to $1.236 billion, but the loss was lower than estimated -- with a consolidated net loss of $28.4 million, or 56 cents a share. Tellingly, the company admitted…

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