Barnesandnoble.com Loss Narrows:
From Times Wire Services
Barnesandnoble.com Inc. said its first-quarter loss narrowed, beating Wall Street estimates by a penny. For the three months ended March 31, the online book retailer reported a net loss of $39.8 million, or 25 cents a share, compared with a net loss of $57.6 million, or 37 cents, a year ago. Excluding one-time charges, the firm reported a pro forma loss of $33.7 million, or 21 cents a share, compared with a loss of $35.9 million, or 23 cents, in the year-ago period. The company said it expects to achieve a pro forma loss of 20 to 23 cents a share in its second quarter. The firm’s full-year estimates remain unchanged, with a pro forma loss per share of 75 to 85 cents and sales of $420 million to $475 million.
