UPDATE: Barnes & Noble Reports Wider-Than-Expected Q4 Loss

Barnes & Noble Inc BKS released its results for the fourth quarter on Tuesday. Barnes & Noble reported a quarterly loss at $59 million, or $1.04 per share, versus a loss of $32 million, or $0.58 per share, in the year-earlier period. Its quarterly revenue rose 4% to $1.4 billion. Analysts expected a loss of $0.91 per share on revenue of $1.4 billion. Barnes & Noble's same store sales dropped 2.9% for the quarter. Barnes & Noble shares dropped 0.70% to $20.00 in pre-market trading. Read more from Benzinga's Company news.