Latest in Nook

Barnes & Noble continues to tell a sad story this morning. Shares plummeted 13% in opening trading after it said that Microsoft bailed out of a 2012 partnership designed to bolster the book chain’s Nook e-reading line — and unveiled disappointing earnings for the quarter that ended on November 1. The termination of…

The stock is up 7.3% in pre-market trading after the book retailer said that it plans to split Nook Media into a separate, publicly traded company. The businesses “will have the best chance of optimizing shareholder value if they are capitalized and operated separately,” Barnes & Noble CEO Michael Huesby says. The…

The book retailer’s shares are up 3.4% in early trading after it announced a plan to offer its software in Samsung Galaxy Tab 4 Nook tablets, enabling Barnes & Noble to lessen its exposure to its Nook tablets that have struggled to keep up with rivals including Apple’s iPad and Amazon’s Kindle.  A 7-inch version of…

The stock is up 7.5% to about $18 after G Asset Management disclosed that it has offered to pay $22 a share for 51% of the retail book chain — or $5 a share for 51% of the Nook tablet and e-reader business. The investment firm says that its offers are contingent on its ability to obtain financing, due diligence and…

How badly do Barnes & Noble investors want the retailer to ditch its struggling Nook tablet and e-reader business? The company’s shares shot up 7.6% today, with heavy volume, after Business Insider reported that it laid off the unit’s hardware engineers. The company says that it didn’t fire the entire staff, but…

The company’s position appears to be, it could have been worse. Barnes & Noble’s bookstores and online service generated revenues of $1.1B in the nine weeks ending December 28, it says today. That’s down 6.6% vs the period last year. But most of the decline is due to store closures. At stores open at least a year…

Barnes & Noble was down in pre-market trading this morning as it reported fiscal 2014 Q1 earnings. The company posted a drop in revenues of 8.5% to $1.3B for the quarter ended July 27. It also reported a consolidated net loss of $87M, or $1.56 per share, compared to a loss of $39.8M, or $.76 per share, in the prior…

The raft of executive changes at Barnes & Noble announced today include a new CEO for its NOOK e-reader division after company CEO William Lynch resigned — effective immediately. The board of directors tapped Michael Huseby as CEO of NOOK Media LLC and president of Barnes & Noble; Lynch’s title has not been filled…

The retailer’s stock price is down about 10% in pre-market trading after it released disappointing financials for the three months that ended in April, along with an $18.3M charge to account for weak sales of its NOOK tablets and e-readers. Barnes & Noble had a net loss of $118.6M in the quarter, vs a $56.9M loss in…

The book retail chain’s shares are up 8.1% in mid-afternoon trading, making it one of the day’s biggest gainers in the media pack. Barron’s appears to be largely responsible for the move after it seized this weekend on reports that Microsoft might be willing to pay $1B for Barnes & Noble‘s NOOK tablet and e-reader…

The book retail chain has a bleak story for Wall Street this morning. It reported a net loss of $6.1M for the three months that ended in January, down from a $52M profit a year ago, on revenues of $2.2B, -8.8%. Revenues missed analyst expectations for $2.4B. And with a dividend on preferred shares thrown in, the…

The stock is down 7.3% at midday following the book chain’s warning last night that there’s bad news ahead regarding its NOOK e-readers and tablets. It now forecasts that NOOK revenues for the fiscal year that ends in April will come in below $3B, with a cash-flow (EBITDA) loss that will be “greater than it was in…