Barnes & Noble Losses Continue but Nook Business Soars
Barnes & Noble Inc.’s fiscal first-quarter loss narrowed less than expected but the bookseller continued to post robust sales growth tied to its popular Nook electronic-book reader.
Shares soared more than 15 percent at one point Tuesday morning to $13.22 apiece as the company recorded the first quarter in two years with better year-to-year bottom-line results.