Reuters reports that Barnes & Noble released its Q4 financial results Tuesday morning:
- Revenue was $1.38 billion, up slightly from a year
ago but below analysts' estimates of $1.48 billion.
- The company had a net loss of $57.7 million, or $1.08/share, slightly
lower than its Q4 loss of $59.4 million, or $1.04/share, a year ago.
- Same-store sales at its 700 superstores were up 4.5% compared with Q4
last year.
- The company had higher-than-expected returns of Nook devices from
retailers after the 2011 holiday season, and a decline in sales of its
eReaders and tablets in Q4.
- Revenues at its Nook business, including eBooks, eMagazines and apps
as well as devices, fell 19% to $164 million in the quarter.
- B&N now has 27% of the U.S. eBook market, compared to 60% for Amazon.
(That leaves 13% for Apple, Kobo, Sony and everyone else.)
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