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Amazon Has Slow Media Growth, But Slight Earnings Improvement Drives Stock

The sometimes inexplicable world of Amazon performance metrics continues. The company reported fourth quarter sales on Thursday after the close of the market, with relatively modest growth -- up 15 percent to $29.33 billion, below analysts' expectations of $29.7 billion. But their meager net income of seven-tenths of one percent…

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Apple Beats Strong Expectations with Record First Quarter Results

Apple reported first quarter earnings on Tuesday afternoon after the close of the market, facing expectations for another strong quarter of revenues and iPhone sales following the release of the iPhone 6 models. They exceeded those expectations with record results, as sales rose 30 percent to $74.6 billion (yielding profit of…

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Pearson Sees Profit Rising in 2015; WH Smith High Street Sales Continue Falling

In a short trading update, Pearson told investors that 2014 results should be in line with their previous guidance, yielding earnings per share of approximately £720m (of 66 pence a share). Their preliminary forecast for 2015 has earnings rising to between 75 and 80 pence per share. Chief executive John Fallon…

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People, Etc.

At Putnam, Ashley Hewlett has been promoted to senior publicist while Sarah Grimm moves up to associate publicist. Following the sales of Santillana's trade book business to Penguin Random House, Maria B. Campbell Associates is now the US literary scout for all of the company's Spanish-language (and Portuguese-language) book divisions: Penguin Random House…

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Whatever Is Happening with Tablet and eReader Sales, Apple's App Store Had Record New Year's

There are a variety of indications that sales of dedicated ereading devices as well as tablets (or at least non-Apple tablets) were weak over the holiday period -- perhaps because those who want them already have them, and the devices are all solid enough that they do not require continuous…

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Barnes & Noble Happily Flat for Holiday Sales

Barnes & Noble reported a not-terrible nine-week holiday sales period: Total sales at the division comprising the BN stores and BN.com were basically flat at $1.1 billion (up 0.2 percent), though that result was helped by "favorable timing of the fiscal nine-week period, which ended on January 3 this year as…

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UK Booksellers Report Good Holiday Sales (And Low Kindle eReader Sales)

Two UK bookstore chains reported encouraging holiday sales. Waterstones says print book sales were up 5 percent in December, and Foyles said same-store book sales were up 11 percent for the holiday. With 290 stores, Waterstones now expects to open a dozen or more new stores during 2015. Both booksellers…

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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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