Barnes & Noble's Nook business up 34 percent last fiscal year
Barnes & Noble's Nook business had a mixed fiscal year, the company reported today.
During the 12-month period that ended April 28, Barnes & Noble's Nook business, which includes e-reader, accessories, and digital content sales, posted revenue of $933 million, representing a 34.3 percent gain over the $695 million it posted in the prior year. However, the segment's earnings before interest, taxes, depreciation, and amortization (EBITDA) fell from a loss of $209 million in the 2011 fiscal year to a loss of $262 million.
Barnes & Noble had other financial details to share as well. The … Read more