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Technology Stocks : barnesandnoble.com (BNBN)

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To: $Mogul who wrote (637)	10/28/1999 1:37:00 PM
From: Wally Mastroly	Read Replies (2) of 766

Barnesandnoble.com beats estimates NEW YORK - Barnesandnoble.com, the No. 2 online bookseller, posted a third-quarter loss that was smaller than analysts' estimates, and said revenue tripled. The loss was $21.9 million, or 15 cents a share, compared to $18.6 million, or 16 cents, a year earlier. Barnesandnoble.com was expected to lose 23 cents, the average estimate of four analysts polled by First Call. Revenue rose to $49.1 million from $15.6 million, exceeding the $40.3 million estimate from analyst Ryan Alexander of Wit Capital Group. Barnesandnoble.com has been promoting its site and adding new products ahead of the Christmas shopping season in the face of competition from leading online bookseller Amazon.com. The company said it added a record 581,000 new customers in the third quarter, bringing its total customer accounts to 2.9 million. Barnesandnoble.com is the exclusive online bookseller for USATODAY.com. usatoday.com

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