Tags: US | Earns | Barnes | & | Noble

Barnes & Noble Net Falls, Sales Rise on E-Reader

Tuesday, 23 Feb 2010 09:09 AM

Barnes & Noble says sales of its new e-book reader, the Nook, helped spur online sales in the fiscal third quarter, but in-store sales were weaker.

Profit fell 6 percent to $80.4 million, or $1.38 per share. That beat analyst expectations of $1.34 per share.

Revenue rose 33 percent to $2.17 billion.

The revenue gain stemmed from the addition of the Barnes & Noble College Booksellers unit, which the company bought back from its own chairman in August.

In-store sales fell 5 percent to $1.4 billion. Online sales jumped 32 percent to $210 million. Online sales accelerated throughout the quarter, rising 67 percent in January.

Barnes & Noble launched the Nook late last year as a way to enter the fledgling e-book market.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Companies
Barnes Noble says sales of its new e-book reader, the Nook, helped spur online sales in the fiscal third quarter, but in-store sales were weaker.Profit fell 6 percent to $80.4 million, or $1.38 per share. That beat analyst expectations of $1.34 per share.Revenue rose 33...
US,Earns,Barnes,&,Noble
123
2010-09-23
Tuesday, 23 Feb 2010 09:09 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved