Barnes & Noble May Report Further Loss on Proxy Costs
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Barnes & Noble Inc., the U.S. bookstore chain that put itself up for sale this month, said it may report a second-quarter loss as costs from its proxy contest with investor Ron Burkle increase.
Results may range from a profit of 5 cents a share to a loss of 25 cents in the period ending Oct. 30, the New York- based chain said today in a statement. Analysts predicted earnings of 15 cents, the average of five estimates compiled by Bloomberg.