August 12, 1999
* Barnes & Noble Inc. agreed to acquire J.B. Fairfax International USA Inc., a niche publisher that includes Michael Friedman Publishing Group, a publisher of coffee table books. Terms were not disclosed.
June 2, 1999 |
Barnesandnoble.com Inc.'s shares fell as much as 16% on Tuesday on news that regulators may oppose Barnes & Noble Inc.'s purchase of wholesaler Ingram Book Group, which was intended to help the bookseller's Internet business compete with Amazon.com Inc., analysts said. The shares fell $3.06, or 14%, to close at $20, on Nasdaq. Stock in Barnes & Noble, the largest U.S. bookseller, fell $1.19 to close at $27.38 on the New York Stock Exchange.
January 10, 2001 |
Barnes & Noble Inc., the largest U.S. bookseller, warned that fiscal fourth-quarter earnings will be lower than expected because of disappointing holiday sales. The New York-based company said it projects earnings of $1.30 a share for its book segment for the quarter ending this month, compared with Wall Street's expectations of $1.46. It said it expects its video game segment to earn 6 cents, sharply lower than market expectations of 33 cents.
March 18, 2005 |
Barnes & Noble Inc. said fiscal fourth-quarter earnings fell 11%, hurt by its spinoff of the GameStop video game chain. Shares of the company dropped the most in 27 months after it forecast that profit this year wouldn't meet analysts' estimates. Net income slid for the third straight quarter, declining to $115.6 million, or $1.56 a share, from $130.2 million, or $1.65, a year earlier when GameStop added 30 cents a share to profit. Sales rose 5.4% to $1.
August 23, 2002 |
Barnes & Noble Inc. reported its first quarterly profit of the year, but the results were lower than expected and the company reduced its forecast for the rest of 2002. For the quarter ended Aug. 3, the bookseller reported a profit of $1.4 million, or 2 cents a share, an improvement from a loss of $1.7 million, or 3 cents, reported a year ago. Sales were up 10% to $1.16 billion. The company said it is lowering its second-half forecast because of the difficult retail environment.
January 5, 1998 |
To the list of things that have been redefined by the explosive growth of cyberspace, America Online has added the word "exclusive." Last month, the world's biggest online service announced an "exclusive" deal with BarnesandNoble.com, giving the online subsidiary of the Barnes & Noble book superstore chain "extensive placement and visibility" across AOL's proprietary service in exchange for $40 million over four years. In addition to AOL's Marketplace section--which has featured Barnesand Noble.