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Tuesday, Jun 25
More on Barnes & Noble (BKS): The company says results were impacted negatively by Nook...
More on Barnes & Noble (BKS): The company says results were impacted negatively by Nook inventory charges it was forced to realize. Revenue fell off 10% in the B&N's Retail segment and 35% for its Nook segment which was only partially offset by a 24% pickup in College segment revenue. Digital content sales declined 8.9% Y/Y off of a tough comparable to last year and lower-than-expected devices in play. For FY14, retail comparable bookstore sales are expected to decline at a low-single digit rate. BKS -8.1% premarket to $17.30. (PR)