Barnes & Noble sees `Fifty Shades' of green
"Fifty Shades of Grey"
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 08/22/2012
NEW YORK (AP) - Barnes & Noble's fiscal first quarter was a tale of modern and traditional. Tech-savvy readers snapped up its e-books and other digital content during the period, while traditionalists headed to its bookstores for the popular "Fifty Shades of Grey" series and other items.
The double dose of good news, coupled with cost-control efforts and lower expenses, helped the New York company's loss to narrow while its revenue rose.
Weak sales of its Nook e-readers and an unchanged full-year outlook may have given investors pause. Its shares fell nearly 4 percent.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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