B&N reports very poor 4th quarter results

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B&N reports very poor 4th quarter results

Jun 25 2013

Barnes & Noble reported significantly poorer than expected fourth quarter results: Sales of $1.28 billion were down 7.4 percent from a year ago, and the net loss doubled to $118.6 million ($2.11 per share.). A key contributor to the loss was a $133 million in inventory charges in the fourth quarter on Nook markdowns and a goodwill impairment charge of $18.3m, also for the Nook.

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