B&N loss narrows; e-book push weighs on outlook (AP)

Written on November 30, 2010 by Editor - Business News

Shoppers leave the Barnes and Noble store on Monday, Nov. 29, 2010 in South Burlington, Vt. Barnes & Noble Inc. said Tuesday, Nov. 30, its fiscal second-quarter loss narrowed, but its results missed expectations as the company continued to invest in its Nook electronic reader and electronic bookstore.(AP Photo/Toby Talbot)AP - Shares of Barnes & Noble Inc. fell sharply before rebounding on Tuesday after the book seller reported a quarterly loss resulting from steep costs to develop its Nook e-reader and weak physical book sales.



Filed under Business and tagged , , , , , .

Leave a Reply

Your email address will not be published. Required fields are marked *

*

CAPTCHA Image

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>