Shares of Barnes & Noble (BKS) were lower by 36 cents, or 1.9%, at $18.83, after the company this morning lowered its profit outlook for the fiscal Q3 ending this month to $1.20 to $1.40 per share, from a prior forecast of $1.30 to $1.50, which is below the $1.40 analysts have been looking for.
The company had $1.1 billion in sales in the nine weeks from November 1 through January 2, it said, with same-store sales down 5.4% in that period. The numbers include sales of the “Nook” e-book reader in that period.
Borders Group (BGP) was down a penny in sympathy at $1.18.
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