Awesome, 2.44
Online bookseller Barnes & Noble.com (BNBN: news, chart, profile) said after the close of markets Thursday that it recorded a fourth-quarter net loss of $127.8 million, or 81 cents per share, compared with a net loss of $158.5 million, or $1 per share, in the same period a year ago. Consolidated fourth-quarter net sales were $115 million. The company had a pro forma net loss of $31.5 million, or 20 cents per share, compared with a pro forma net loss of $74.4 million, or 47 cents per share, in the same period a year ago. The results include those of www.fatbrain.com. Two analysts surveyed by Thomson Financial/First Call had been forecasting a pro forma net loss of 21 cents per share for the company. Industry leader Amazon.com reported its first-ever quarterly net profit last week, the first ever for an online retailer. Barnes & Noble.com said it expects a pro forma net loss for the first quarter of 2002 of between 14 and 16 cents per share on sales of $105-$115 million, and a full-year 2002 pro forma net loss of between 52 and 58 cents per share on revenue of $400-$450 milion. The stock finished Thursday's session higher by 13 percent at $2.44. |
