Barnes & Noble Loss Wider Than Expected, Shares Drop

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. Continue reading the article.