Barnes & Noble Inc. (BKS), the target of a $1 billion bid from Liberty Media Corp., posted a wider fourth- quarter loss from a year earlier, hurt by bankruptcy liquidation sales at Borders Group Inc. and investments in digital books.
The net loss totaled $59.4 million, or $1.04 a share, in the quarter ended April 30, the New York-based company said today in a statement. That missed the projected loss of 87 cents of David Strasser, an analyst at Janney Montgomery Scott LLC.
Full Story: Barnes and Noble fourth-quarter loss widens on investments in digital books