Barnes & Noble's net loss shrinks on Nook strength

Thu Nov 29, 2012 8:49am EST

Nov 29 (Reuters) - Barnes & Noble Inc reported a smaller quarterly loss per share on Thursday, helped by a pickup in sales of digital content and its Nook e-readers.

On a net basis, the largest U.S. bookstore chain reported income of $2.2 million in its fiscal second quarter that ended on Oct. 27, versus a net loss of $6.6 million a year ago.

Yet preferred stock dividends and accretion of dividends on preferred stock led to a net loss of 4 cents per share in the quarter, which compares with a loss of 17 cents per share a year earlier.

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