Barnes & Noble loss widens 4Q to push e-book

NEW YORK - Barnes & Noble Inc. in the fourth fiscal quart loss widened as it invests in technology electronic book, the publisher said on Monday. The company was also in New York for the first quarter and full year profit below expectations, as it aggressively moves land, but in the rapid growth of e-books small market. The loss for the three months to May was $ 32,000,000, or 58 cents per share. Compared to a loss of $ 2,700,000, or 5 cents per share last year. The loss amounted to 89 cents per share excluding a tax benefit of 25 cents per share and an advantage in relation to the stock of 7 cents per share. Analysts surveyed by Thomson Reuters, on average, predicted a loss of 81 cents per share. Analyst estimates typically exclude one-time items. Revenue rose 19 percent to 1.32 billion 1.1 billion U.S. dollars last year. Analysts expected revenue of 1.28 billion EUR. Sales in stores open at least a year fell 3.1 percent, following instructions from the company to one hundred percent fall 2-4. Sales in the stores open for at least a year is a key indicator of a retailer's performance because the growth in the shops, which excludes open or closed during the year. Barnes & Noble focuses on e-books and to meet e-book Reader's Nook online discounters and greater competition. Barnes & Noble last week to reduce the price of its electronic reader board home $ 199 $ 259 and a new Wi-Fi for $ Nook 149th Amazon.com has responded by lowering prices on the e-book reader Kindle at $ 189th In March the company raised the importance of the electronics business by increasing the president's Web ite, William Lynch, CEO, in a movement of surprise. Former CEO Steve Riggio was Vice President. Lynch helped the electronic library of the Society and led the introduction of the Nook. Lynch said in a statement that only a year after Barnes and Noble e-library has a company in the digital market introduced already exceeds its share of the retail book market. "We want to divert a substantial portion of our financial resources on investments in technology, sales and marketing," he said. "These investments will affect our bottom line in 2011, but we believe that it will be Barnes & Noble would like to take on the important medium-term growth opportunities through long-term digital markets." For the year fell Barnes & Noble profit by 52 percent to $ 36,700,000, or 63 cents per share, compared with $ 75,900,000 or $ 1.29 per share last year. Revenue rose 13 percent to $ 5,810,000,000 of 5.12 billion. The company expects a loss between 85 cents first quart and $ 1.15 per share on revenue growth of 30-50 percent. Analysts expect a loss of 44 cents per share. For the year, said the company is deferring revenue from e-readers to two years to comply with accounting issues. Without that revenue, he expects from a loss of 10 cents per share and a net profit of 30 cents per share. Analysts expected a profit of 80 cents per share. Barnes & Noble expects growth in revenue and 20 percent to 25 percent for the year. The company will discuss its results and the long-term outlook with investors on a conference call on Tuesday.