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BUSINESS
May 18, 2005 | From Times Wire Services
Barnes & Noble Inc., the nation's largest bookseller, announced a 13% profit decline in its fiscal first quarter but forecast second-quarter results above Wall Street expectations because of the expected arrival of the sixth "Harry Potter" book in July. For the three months ended April 30, Barnes & Noble had net income of $9.9 million, or 13 cents a share, down from $11.4 million, or 16 cents, a year earlier.
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BUSINESS
May 18, 2005 | From Times Wire Services
Barnes & Noble Inc., the nation's largest bookseller, announced a 13% profit decline in its fiscal first quarter but forecast second-quarter results above Wall Street expectations because of the expected arrival of the sixth "Harry Potter" book in July. For the three months ended April 30, Barnes & Noble had net income of $9.9 million, or 13 cents a share, down from $11.4 million, or 16 cents, a year earlier.
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BUSINESS
March 23, 2001 | Reuters
Barnes & Noble Inc. reported a fiscal fourth-quarter net loss due to write-downs of its beleaguered B. Dalton bookstores operation, sluggish holiday sales and widening losses from its online business. The nation's largest bookseller said it suffered a loss of $34 million, or 52 cents a share, in the quarter ended Feb. 3, against a profit of $103.5 million, or $1.48, a year ago. Excluding the charge taken to write down B. Dalton assets, the company had earnings of $78.2 million, or $1.
BUSINESS
November 30, 2001 | From Bloomberg News
Neiman Marcus Group Inc.'s quarterly earnings fell 54% and Barnes & Noble Inc. had a wider loss as consumers shopped at lower-price chains while the economy turned downward. Net income plunged 93% at closely held J. Crew Group Inc. because of falling sales at the company's clothing stores. Watchmaker Movado Group Inc.'s profit fell 40% and the company cut 11% of its work force.
BUSINESS
November 22, 2000 | Bloomberg News
Gemstar-TV Guide International Inc. has held talks with Barnes & Noble Inc. about merging their businesses, the Wall Street Journal reported, citing unidentified people familiar with the matter. Pasadena-based Gemstar, the owner of TV Guide and the developer of VCR Plus recording technology, has begun promoting electronic books and is interested in combining with the biggest U.S. bookseller to ensure a steady supply of material from publishers, the paper said.
BUSINESS
October 7, 1999 | Associated Press
Barnes & Noble Inc. said it will buy Babbage's Etc. for $189 million in a deal that would greatly expand the giant bookseller's offerings of computer software and video games. Privately held Babbage's is owned by Leonard Riggio, who is chairman and chief executive of New York-based Barnes & Noble. Barnes & Noble formed a special committee of independent directors to evaluate the feasibility and fairness of the deal, given Riggio's connection to both companies.
BUSINESS
February 23, 2001 | Times Wire Services
Barnes & Noble Inc., the nation's largest bookseller, said robust sales at its superstores will help it post better-than-forecast earnings for the just-completed fiscal year and current year. The company said the current year's results will also be helped by demand for video games with the arrival of new consoles and by narrowed losses at Barnesandnoble.com. Profit on a consolidated basis, including its losses at Barnesandnoble.com Inc. and other investments, should reach $1.
BUSINESS
February 23, 1999
Other earnings, excluding one-time gains and charges unless noted: * Home improvement retailer Lowe's Cos. said its earnings jumped a better-than-expected 48% in the fiscal fourth quarter to $106.2 million, or 30 cents a share, 3 cents higher than forecasts. Sales at stores open at least a year grew 8.2%, and total revenue jumped 22% to $2.92 billion. * Nordstrom Inc. said fiscal fourth-quarter profit rose 13% to $66.
BUSINESS
November 30, 2001 | From Bloomberg News
Neiman Marcus Group Inc.'s quarterly earnings fell 54% and Barnes & Noble Inc. had a wider loss as consumers shopped at lower-price chains while the economy turned downward. Net income plunged 93% at closely held J. Crew Group Inc. because of falling sales at the company's clothing stores. Watchmaker Movado Group Inc.'s profit fell 40% and the company cut 11% of its work force.
BUSINESS
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.
BUSINESS
March 23, 2001 | Reuters
Barnes & Noble Inc. reported a fiscal fourth-quarter net loss due to write-downs of its beleaguered B. Dalton bookstores operation, sluggish holiday sales and widening losses from its online business. The nation's largest bookseller said it suffered a loss of $34 million, or 52 cents a share, in the quarter ended Feb. 3, against a profit of $103.5 million, or $1.48, a year ago. Excluding the charge taken to write down B. Dalton assets, the company had earnings of $78.2 million, or $1.
BUSINESS
February 23, 2001 | Times Wire Services
Barnes & Noble Inc., the nation's largest bookseller, said robust sales at its superstores will help it post better-than-forecast earnings for the just-completed fiscal year and current year. The company said the current year's results will also be helped by demand for video games with the arrival of new consoles and by narrowed losses at Barnesandnoble.com. Profit on a consolidated basis, including its losses at Barnesandnoble.com Inc. and other investments, should reach $1.
BUSINESS
November 22, 2000 | Bloomberg News
Gemstar-TV Guide International Inc. has held talks with Barnes & Noble Inc. about merging their businesses, the Wall Street Journal reported, citing unidentified people familiar with the matter. Pasadena-based Gemstar, the owner of TV Guide and the developer of VCR Plus recording technology, has begun promoting electronic books and is interested in combining with the biggest U.S. bookseller to ensure a steady supply of material from publishers, the paper said.
BUSINESS
October 7, 1999 | Associated Press
Barnes & Noble Inc. said it will buy Babbage's Etc. for $189 million in a deal that would greatly expand the giant bookseller's offerings of computer software and video games. Privately held Babbage's is owned by Leonard Riggio, who is chairman and chief executive of New York-based Barnes & Noble. Barnes & Noble formed a special committee of independent directors to evaluate the feasibility and fairness of the deal, given Riggio's connection to both companies.
BUSINESS
February 23, 1999
Other earnings, excluding one-time gains and charges unless noted: * Home improvement retailer Lowe's Cos. said its earnings jumped a better-than-expected 48% in the fiscal fourth quarter to $106.2 million, or 30 cents a share, 3 cents higher than forecasts. Sales at stores open at least a year grew 8.2%, and total revenue jumped 22% to $2.92 billion. * Nordstrom Inc. said fiscal fourth-quarter profit rose 13% to $66.
BUSINESS
August 22, 2008 | From Times Wire Services
Barnes & Noble Inc. posted a 15% drop in second-quarter profit to $15.4 million, or 27 cents a share, compared with $18.05 million, or 26 cents, a year earlier. Sales slipped 1.6% to $1.22 billion.
BUSINESS
March 17, 2000
Barnes & Noble Inc. said its fiscal fourth-quarter earnings rose 37% to $89 million, or $1.27 a share, from $64.9 million, or 90 cents, a year earlier. Sales rose 29% to $1.33 billion. That beat estimates. Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at http://www.latimes.com/bizstaff.
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