NEW YORK, 31 Aug. (Reuters/EP) -
Barnes & Noble Inc reported a decline in its quarterly losses as sales of its Nook e-reader helped mitigate the decline in book sales at the largest U.S. bookstore chain.
Barnes & Noble said Tuesday that sales of its namesake stores open for at least 15 months fell 1.6 percent during the quarter, while sales of its College Bookstore peers fell 1.8 percent.
Online sales rose 37 percent, supported by Nook. Barnes & Noble posted a loss of 39 million euros ($56.6 million) in the fiscal first quarter ended July 30, compared with a loss of 43 million euros ($62.5 million) a year ago.
Barnes & Noble expects full-year losses of between 0.07 and 0.35 euros ($0.10 and $0.50) per share, which compares with a loss of 0.11 euros ($0.16) expected by analysts, according to Thomson Reuters I/B/E/S.
FG_AUTHORS: PortalTIC.es / Companies
