Barnes & Noble Quarterly Loss Widens on Digital Investments
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Barnes & Noble Inc., the target of a $1 billion bid from Liberty Media Corp., posted a wider fourth-quarter loss from a year earlier, hurt by bankruptcy liquidation sales at Borders Group Inc. and investments in digital books.
The net loss totaled $59.4 million, or $1.04 a share, in the quarter ended April 30, the New York-based company said today in a statement. That missed the projected loss of 87 cents of David Strasser, an analyst at Janney Montgomery Scott LLC.