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Barnes & Noble Tumbles Following Loss, Plunging Nook Sales

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Barnes & Noble Inc. shares tumbled 17 percent after the company posted a quarterly loss and weaker sales, hurt by sluggish online orders and a fast-declining Nook e-reader business.

The company, which spun off its college-bookstore division earlier this year, also has seen store closings eat into revenue. Even as it streamlines the business to compete with Amazon.com Inc., Barnes & Noble is struggling to revive sales growth. The bookstore chain said it expects comparable-store sales to be flat this year, with the Nook weighing on results.