Reuters: Technology News: Barnes & Noble sees Nook unit loss increasing in 2013

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Barnes & Noble sees Nook unit loss increasing in 2013 Feb 14th 2013, 01:34 Tweet Share this Email Print Analysis & Opinion Should Apple be a $200 stock? Equity split from commodities may be short lived Related Topics Tech » Hot Stocks » Asian Markets » A woman looks in from a window panel of a Barnes and Noble store in New York October 24, 2012. Credit: Reuters/Brendan McDermid Wed Feb 13, 2013 8:34pm EST (Reuters) - Barnes & Noble Inc said on Wednesday it expects its Nook business to post an increased full-year loss in fiscal 2013, as the top U.S. bookstore chain struggles with slower sales of e-readers and e-books and rising costs. Barnes & Noble said it expects an earnings before interest, taxes, depreciation and amortization (EBITDA) loss at the Nook business to exceed the $262 million loss recorded in fiscal 2012. Nook revenue this year is expected to be less than $3 billion, the company said in a statement. Barnes & Noble shares fell 4 percent to $13.60 in trading after the bell. They closed at $14.20 on the New York stock exchange. Nook has been a revenue-driver for the New York-based company since its launch in 2009 as readers buy more digital books, but product development and marketing costs have spiked to keep pace with Amazon and Apple Inc. The company also reported weak holiday sales for the Nook in January as it sold fewer e-readers and tablets at its own stores. Barnes & Noble will report third-quarter results before markets open on February 28. The company could not immediately be reached for comment outside regular business hours. (Reporting by Tej Sapru in Bangalore; Editing by Richard Pullin) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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