“Barnes & Noble Inc said on Wednesday it expects its Nook business to post an increased full-year loss in fiscal 2013, as the top U.S. bookstore chain struggles with slower sales of e-readers and e-books and rising costs,” Tej Sapru reports for Reuters.
“Barnes & Noble said it expects an earnings before interest, taxes, depreciation and amortization (EBITDA) loss at the Nook business to exceed the $262 million loss recorded in fiscal 2012,” Sapru reports. “The company also reported weak holiday sales for the Nook in January as it sold fewer e-readers and tablets at its own stores.”
Sapru reports, “Barnes & Noble will report third-quarter results before markets open on February 28.”
Read more in the full article here.
MacDailyNews Take: Maybe they ought to wait until after markets close. Nook is iPad roadkill.