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June 19, 2012 08:09 pm GMT

Nook Simple Touch Sales Damage Barnes & Nobles Fourth Quarter




Barnes & Noble posted fiscal fourth-quarter results Tuesday morning. Losses amounted to $57.7 million -- narrower than they were a year ago, but wider than what analysts were expecting. The company's Nook division took a surprising hit.

The bookseller offered a closer look at its Nook unit in the report, breaking out the results for device and digital content sales separately for the first time. In April, B&N announced that it was spinning its digital and college businesses into a new subsidiary with $300 million in backing from Microsoft, called Newco.

It was not a good quarter for Nook. Revenues declined by more than 10% to $164 million, burdened mainly by the devices themselves, whi…
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