Barnes & Noble Reports Poor Quarter

Fri., Nov. 20, 1998

From Staff

Barnes & Noble Inc., the world’s largest bookseller, reported a bigger-than-expected loss in the third quarter, with weak results at its barnesandnoble.com Internet division offsetting strong sales at its retail stores.

The New York-based company on Thursday reported a loss of $4.6 million, or 7 cents a share on a diluted basis, compared with earnings of $65,000, or zero cents per share, a year ago.

The results were below Wall Street analysts’ estimates. Barnes & Noble stock was up 12-1/2 cents at $32.75 on the New York Stock Exchange.

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Barnes & Noble Reports Poor Quarter

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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