Barnes & Noble warns of worse-than-expected losses for Nook division

Barnes & Noble warns of worse-than-expected losses for Nook division

Barnes & Noble’s Nook e-reader business is poised to post an even worse loss this year than it forecasted in January , reports Reuters . The company says that before interest, taxes, depreciation, and amortization, the loss for the year ending April 27th will be higher than the $262 million hit it took in fiscal 2012. Barnes & Noble’s Nook hardware sales have been sliding as part of a broader softening of the dedicated e-reader market, and while its e-book sales have continued to grow , they haven’t been able to offset the damage.

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Barnes & Noble warns of worse-than-expected losses for Nook division

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