Posts tagged Leonard Riggio
Barnes & Noble Posts Losses, Still Committed to Nook
February 28, 2013 | 11:11 am
We've known the numbers were coming, and Barnes & Noble released its third quarter earnings today. A few items of interest: Third quarter consolidated revenues were $2.2 billion, a decrease of 8.8% as compared to the prior year. Third quarter consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) were $55 million, as compared to $150 million a year ago. Third quarter consolidated net losses were $6.1 million, as compared to net earnings of $52 million a year ago. Those are some pretty impressive numbers. Losses of $6.1 million compared to net earnings of $52 million a year earlier. B&N did attribute much of...