The tough times aren't over yet for Barnes & Noble's Nook business.
Barnes & Noble announced late Wednesday that it expects its Nook business to generate less than $3 billion in revenues and post a greater loss in the 2013 fiscal year than the $262 million loss recorded in 2012.
"Based on current forecasts, the Company now expects its fiscal year 2013 NOOK segment EBITDA loss to be greater than it was in fiscal 2012 and expects fiscal year 2013 NOOK Media revenues to be less than $3 billion," the company said in a statement.
This is the second time in as many months that Barnes & Noble has lowered expectations for Nook sales. In late December, the bookseller warned investors that ho… Continue reading...