Barnes & Noble profit lifts
Its sales missed expectations, however, and its shares dropped more than three per cent in premarket trading.
The company has invested heavily in its Nook e-book reader and digital library, but it has scaled back amid tough competition from Amazon’s Kindle and the Apple iPad.
It introduced a new e-book reader, a $US119 Nook GlowLight, for the holidays.
Net income for the three months ended October 26 totalled $US13.2 million ($A14.46 million), or 15 US cents per share. That compares with a loss of $US501,000, or seven US cents per share, last year.
Revenue fell eight per cent to $US1.73 billion.
Analysts expected a loss of three US cents per share on revenue of $US1.76 billion.
H&M is expanding its online presence around the world after seeing a 32 per cent increase in online sales while sto… https://t.co/xvXqAerNes1 day ago