Shares of bookseller Barnes & Noble BKS traded sharply lower in the opening minutes of the trading session after the company reported disappointing second quarter results.
Going into this morning's earnings report, analysts had expected a loss of 8 cents per share for the quarter. BKS reported a much worse loss of 22 cents per share.
Revenues also came up short for the quarter. The retailer reported sales of $1.91 billion, which was well under analyst projections of $1.98 billion.
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