Barnes & Noble returned to a profit in the fiscal second quarter as it invested less in its Nook ebook reader and cost cuts offset lower sales.Its sales missed expectations, however, and its shares dropped more than 3% in premarket trading. The report comes as the crucial holiday season kicks off, when retailers can make up to 40% of their annual revenue."Our booksellers are prepared to welcome holiday shoppers and recommend thoughtful gift ideas for everyone on their list," said Michael P. Huseby, president of Barnes & Noble and CEO of Nook Media.The company has spent heavily on building up its Nook ebook reader and digital library, but it has scaled back amid tough competition from Amazon's Kindle and the Apple iPad. It has been reviewing its strategy since CEO William Lynch departed in June and the company did not name a replacement. It introduced a new non-tablet ebook reader, a $119 Nook GlowLight, for the holidays.Net income for the three months ended Oct. 26 totaled $13.2 million, or 15 cents per share. That compares with a loss of $501,000, or 7 cents per share, last year.Revenue fell 8% to $1.73 billion from $1.88 billion last year. Analysts expected a loss of 3 cents per share on revenue of $1.76 billion, according to FactSet.Revenue fell across all segments. Retail revenue fell nearly 8% to $921 million. College bookstore revenue fell 4.6% to $737.5 million and Nook revenue dropped 32% to $108.7 million.Shares fell 58 cents, or 3.5%, to $15.85 in... Continue reading at 'Crains New York'
[ Crains New York | 2013-11-26 00:00:00 UTC ]
News tagged with:
#holiday shoppers
#barnes noble
#nook media
#digital library
#apple ipad
#net income
#analysts expected
Simon & Schuster UK made a profit before tax of £3.76m last year, coming back from a loss the year before, with c.e.o. Ian Chapman telling The Bookseller the company is looking "really strong financially". Continue reading at The Bookseller
[ The Bookseller | 2017-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profit grows
#ss uk
#coming back
On the day after the Dodgers clinched a postseason berth, their manager did not rule out the possibility that Austin Barnes could be their primary catcher in the playoffs. The Dodgers have used Barnes to spell Yasmani Grandal against left-handers this season. But Barnes has been more effective... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-09-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#austin barnes
On Thursday night, in the midst of a blowout loss to Colorado, Yasmani Grandal mishandled a pitch from Brock Stewart and let it drift behind him. A run scored, and Grandal was charged with his 15th passed ball in 2017. He leads all catchers in the majors in that category. A day later, Austin... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-09-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#thursday night
#austin barnes
Song of the summer and TV shows American Gods and 13 Reasons Why boost German media groupThe global success of 2017’s song of the summer, Despacito, together with sales of the TV series American Gods and the popularity of controversial book-turned-Netflix series 13 Reasons Why has helped drive... Continue reading at The Guardian
[ The Guardian | 2017-08-31 00:00:00 UTC ]
More news stories like this |
Strong print and audio sales at Penguin Random House countered soft ebook sales to increase revenue 1.1% in the first half of the year. Earnings at the publisher rose 11.4%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#audio sales
Although sales in the fiscal year, ended June 30, fell slightly from fiscal 2016, earnings increased 7.5% to $199 million at HarperCollins. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#fiscal year
#fell slightly
#$199 million
Time Inc. spins SI Swimsuit into its own division, 1105 Media's new ABM platform receives a nod, and more... The post Trump Takes a Swing at Golf Magazine | Industry Notes appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-08-03 00:00:00 UTC ]
More news stories like this |
Publisher Elsevier saw revenue up 11% in the first half of 2017, to £1,171m, although underlying growth was a more modest 2%. Continue reading at The Bookseller
[ The Bookseller | 2017-07-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#revenue rise
#publisher elsevier
#underlying growth
Scholastic has started Scholastic 2020, a companywide initiative to reduce operating costs and expand revenue opportunities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#improve profits
Net earnings at Educational Development Corp. rose to $1.2 million in the quarter ended May 31, 2107 over the comparable period a year ago. Sales were up 20%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#profits double
#net earnings
#quarter ended
It is an industry like no other, with profit margins to rival Google – and it was created by one of Britain’s most notorious tycoons: Robert Maxwell. By Stephen BuranyiIn 2011, Claudio Aspesi, a senior investment analyst at Bernstein Research in London, made a bet that the dominant firm in one... Continue reading at The Guardian
[ The Guardian | 2017-06-27 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#scientific journals
#scientific publishing
#amazon posted
The local news publisher has focused on lifestyle coverage, diversifying its revenue and making itself a destination for local brand dollars. The post How digital upstart Charlotte Agenda makes local news profitable appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-06-07 00:00:00 UTC ]
More news stories like this |
Bertelsmann, which has a 53% stake in Penguin Random House, has reported 7% rise in group profit in its first quarter to almost €200m. Continue reading at The Bookseller
[ The Bookseller | 2017-05-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#group profit
It took about 30 seconds after the opening montage at Cond Nast's NewFronts presentation on Tuesday for the publisher to take advantage of the mess in digital media."Fake news, alternatives facts, fraud, non-brand-safe content," chief business officer Jim Norton told the crowd at Cipriani 25 in... Continue reading at Advertising Age
[ Advertising Age | 2017-05-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#newfronts presentation
#fake news
#downtown manhattan
#challenges facing
#engaged audiences
Amazon has reported its eighth profitable quarter, with profit up 40%, to $724m (£560.8m) in the first three months of the year. Continue reading at The Bookseller
[ The Bookseller | 2017-04-29 00:00:00 UTC ]
More news stories like this |
Boston Red Sox pitcher Matt Barnes has been suspended four games and fined for throwing a fastball past the head of Baltimore star Manny Machado. The commissioner’s office issued the penalty Monday. The Red Sox are off and Barnes is appealing, meaning the reliever can continue to pitch until the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#mlb notes
#red sox
#office issued
Subscribe in iTunes ∙ RSS feed ∙ Download ∙ Play in another tab Slate Plus members: Get your ad-free podcast feed. Continue reading at Slate
[ Slate | 2017-03-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#swing time
#tab slate
Creative Access is to operate as a not-for-profit social enterprise from this month as a result of having its funding withdrawn from the government. Continue reading at The Bookseller
[ The Bookseller | 2017-03-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#creative access
#funding withdrawn
Profits rose 5.0% at Lagardere Publishing in 2106 over 2015, helped by strict cost controls at Hachette Book Group USA which integrated the publishing arm of Perseus Books Group during the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#lagardere publishing
#profits rose
#publishing arm
Despite a decline in sales at Penguin Random House in 2016, the world's largest trade publisher delivered 129 million euros in operating profit to its parent company, Pearson. The sum marks a 43% increase over its profit contribution from 2015. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-24 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#operating profit
#43% increase