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    HomeNewsWorldInternational ResultsBarnes & Noble posts smaller first-qtr loss

    Barnes & Noble posts smaller first-qtr loss

    Barnes & Noble Inc reported a smaller first-quarter net loss on Tuesday, helped by a pickup in sales of digital content and the popularity of the Fifty Shades series.

    August 21, 2012 / 19:09 IST

    Barnes & Noble Inc reported a smaller first-quarter net loss on Tuesday, helped by a pickup in sales of digital content and the popularity of the Fifty Shades series.

    Revenue at its Nook business, including e-books and devices, were USD 192 million for the quarter, more or less flat from last year. Total revenue increased 2.5% to USD 1.5 billion.

    The largest US bookstore chain reported a net loss of USD 41 million, or 78 cents per share, for the quarter ended July 28, compared with a let loss of USD 56.6 million, or 99 cents, a year earlier.

    first published: Aug 21, 2012 06:32 pm

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