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Barnes & Noble Q1 Earnings Boosted By Retail, But Nook Losses Widen

August 21, 2012
By Sarah Weinman

Barnes & Noble did something they haven’t done for a while in their just-reported fiscal first quarter: They actually exceeded analysts’ pessimistic earnings expectations, with a reduced net loss of 78 cents per share (or $41 million), versus the predicted 96 cents a share. And they showed positive EBIDTA for the quarter–just $4 million, but much better than a $24 million loss a year ago. Also, actual bookstore book sales continued to improve, despite a forecast last quarter that those comps would decline in fiscal 2013. But that’s about it for the good news. The bad news is that the […]

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Filed Under: Booksellers, Earnings Reports

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