Barnes & Noble swings to 3Q loss
NEW YORK — Barnes & Noble says it swung to a loss in its third quarter due to slow traffic and sales at older stores.
The New York-based bookseller reported a loss today of $18.4 million, or 34 cents per share. That compares with a profit of $4.4 million, or 7 cents per share, a year earlier.
The company’s loss was 21 cents per share excluding a charge.
Thomson Reuters says analysts expected a loss of 16 cents per share.
