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December 1, 2011 06:54 pm GMT

Barnes & Noble Reports Q2 Net Loss Of $6.6M, Says NOOK Is Now A $220 Million Business

nookBarnes & Noble this morning reported sales and earnings for its second quarter ended October 29, 2011, and they're a mixed bag. Total sales decreased slightly, from $1.9 billion to $1.89 billion, compared to the prior year. The company posted a net loss of $6.6 million for the quarter, or $0.17 per share, as compared to a net loss of $12.6 million last year. This is below Wall Street expectations.Physical book sales declined, Barnes & Noble says, offset by increases in NOOK products and positively affected by the liquidation of the remaining Borders stores.

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