Bookseller Barnes & Noble Inc reported a smaller quarterly loss and said it would separate its retail and Nook Media businesses, sending its shares up about 9 percent. The company's net loss narrowed to $36.7 million, or 72 cents per share, in the fourth quarter ended May 3, from $114.8 million, or $2.04 per share, a year earlier.Revenue rose 3 percent to $1.32 billion.Nook Media, formed in 2012, consists of the company's devices, digital content and college bookstore businesses.Microsoft Corp owns about 17 percent of Nook Media while Pearson Plc owns 5 percent.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS fell by 0.48% or $-0.1/share to $20.56. In the past year, the shares have traded as low as $12.59 and as high as $22.41. On average, 1404950 shares of BKS exchange hands on a given day and today's volume is recorded at 1138406.
Pearson plc (Pearson) is an international media and education company with its principal operations in the education, business information and consumer publishing markets. Shares of PSO traded higher by 0.58% or $0.11/share to $19.22. In the past year, the shares have traded as low as $16.58 and as high as $22.40. On average, 403944 shares of PSO exchange hands on a given day and today's volume is recorded at 250452.
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