UPDATE: Barnes & Noble Posts Wider FQ1 Loss

Barnes & Noble

reported a wider fiscal first-quarter loss. Barnes & Noble posted a quarterly loss of $87 million, or $1.56 per share, versus a year-ago loss of $40 million, or $0.76 per share. Its revenue dropped to $1.33 billion from $1.45 billion. However, analysts were projecting a loss of $0.90 per share on revenue of $1.31 billion. Barnes & Noble shares tumbled 11.82% to $14.70 in pre-market trading.