Getting your player ready...
NEW YORK — Barnes & Noble Inc.’s fiscal fourth- quarter loss widened as it invested in electronic-book technology, the bookseller said Monday.
The New York company also forecast first-quarter and full-year earnings below expectations as it plots aggressive moves into the small but fast-growing e-book market.
The loss for the three months ended May totaled $32 million, or 58 cents per share. That compares with a loss of 5 cents per share last year.
The loss totaled 89 cents per share excluding a tax benefit of 25 cents per share and a benefit related to inventory of 7 cents per share.
Denver Post staff and wire reports
