May 20, 1999 |
Barnes & Noble Inc., the largest U.S. bookseller, reported a larger-than-expected fiscal first-quarter loss as its Internet unit increased spending to keep pace with No. 1 online book retailer Amazon.com. The company lost $5.9 million, or 9 cents a share, wider than its loss of $3.3 million, or 5 cents, a year ago. Analysts were expecting a loss of 5 cents. Revenue rose 9.3% to $718.3 million. The Web site, http://www.barnesandnoble.
November 25, 2000 |
Barnes & Noble Inc. acknowledged that it is holding talks with Gemstar-TV Guide International about ways to cooperate in selling e-books, including a possible merger. Earlier this week, the bookselling giant denied a report in the Wall Street Journal saying the two companies were discussing a merger. But spokeswoman Mary Ellen Keating said the talks have expanded since then.
February 23, 2001 |
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.
February 2, 2010 |
Shares of bookseller Barnes & Noble Inc. rose 18% in late U.S. trading after Los Angeles billionaire Ron Burkle, its largest outside shareholder, asked the company to waive a provision preventing unwanted takeovers and let him acquire as much as 37% of the shares. In a letter to the board of directors Thursday, Burkle asked the company to clarify whether the shares owned by the founding Riggio family were excluded from the takeover provision. The letter was filed with the Securities and Exchange Commission after the close of regular trading in New York, when the shares had risen 52 cents to $18.
September 28, 2010 |
Barnes & Noble Inc.'s shareholders voted to keep Chairman Leonard Riggio on the board of the company he founded, rejecting an attempt at his ouster by Ron Burkle's Yucaipa Cos. to shake up the largest U.S. bookstore chain. Riggio, the biggest shareholder, was re-elected to the nine-member board with less than 50 percent of votes cast, Yucaipa said in a statement. The slate from Yucaipa, the second- largest holder, included Burkle. The vote caps more than a year of Burkle and Riggio clashing over the company's direction as the chain tries to keep its 700 superstores profitable amid growing popularity of digital books and online sales.
May 23, 2003 |
Barnes & Noble Inc. said its first-quarter loss narrowed to $2.03 million, helped by better results at the video-game and Internet businesses in which it owns stakes. The net loss narrowed to 3 cents a share from $16.3 million, or 25 cents, a year earlier, when Barnes & Noble had a $14.9-million investment write-down. Sales rose 4.6% to $1.19 billion, the company said. Profit rose at Barnes & Noble's 60%-owned GameStop chain, and losses narrowed at the Barnes & Noble.com online store.
October 7, 1999 |
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.
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.
May 24, 2002 |
Barnes & Noble Inc. said its first-quarter net loss widened as it took a $14.9-million write-down for its investment in Gemstar-TV Guide International Inc., whose shares tumbled 75% last year. The largest U.S. bookstore chain raised its annual profit forecast because of surging video game sales at its 60%-owned GameStop Corp. video game chain. The loss widened to $16.3 million, or 25 cents a share, from $11.5 million, or 18 cents, a year earlier. Sales rose 12% to $1.13billion.