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Barnes & Noble losses widen in Q4, impacted by Borders bankruptcy


New York City -- Barnes & Noble reported Tuesday that its loss for the quarter ended April 30 widened to $59.4 million, from a loss of $32 million in the year-ago period. The book seller said its results were hurt by liquidation sales by bankrupt Borders, as well as impacted by ongoing investment in the Nook.

Revenue rose 4% to $1.37 billion from $1.32 billion in the prior year, missing Wall Street’s estimate of $1.39 billion in revenue.

Same-store sales dropped 2.9%.

Other Barnes & Noble sectors fared better, as online revenue surged 54% to $217.3 million and college bookstore revenue rose 4% to $211.2 million.

For the full year, the retailer reported a loss of $73.9 million, compared with a profit of $36.7 million last year. Revenue rose 21% to $7 billion.

Barnes & Noble said it is still reviewing the unexpected $1 billion takeover in May from John Malone's Liberty Media.

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