real-time news and commentary for investors
Tuesday, Aug 20
Heard during Barnes & Noble's earnings call
- Barnes & Noble (BKS -15.9%) says it will work with Pearson (PSO -0.1%) on a digital education platform.
- A lot is made of the company's commitment to Nook with a new device due out for the holiday season, but questions on Nook's profit potential are likely to mount. Even backing out lower Nook sales and the quarter's tough comp shows negative digital content sales growth.
- B&N says it has short-term and long-term considerations as it looks for ways to increase shareholder value, including looking at offers. Reading between the tea leaves, it doesn't appear a spinoff plan for Nook Media is imminent.
- Earnings call webcast