Barnes & Noble drops after quarterly net loss
SAN FRANCISCO (MarketWatch) — Barnes & Noble Inc. shares fell more than 7% Tuesday after the bookseller reported a quarterly net loss. The consolidated fiscal second quarter net loss was $12.6 million, or 22 a share. That compares to a forecast range of 5 cents a share profit to a loss of 25 cents a share, the company said. Before interest, taxes, depreciation and amortization, the company said it made $46 million in the period. Barnes & Noble shares fell 7.1% to $13.82 in morning action Tuesday.
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