Uh oh. Barnes & Noble cuts its financial guidance again, and now it is saying it may push its Nook e-reading business into a new company. Investors are not pleased.
Barnes & Noble shares are slumping 29% in pre-market trading as Barnes & Noble reduced its fiscal-year guidance. Barnes & Noble said it is evaluating its reporting segments, which may mean the company will report Nook as a separate line item, and it is looking at options to push the Nook into a separate business altogether.
Barnes & Noble said Nook device sales surged 70% during the 9-week holiday period ended Saturday, with the bookseller saying tablet sales exceeded expectations though Simple Touch lagged.
rest:
http://blogs.wsj.com/deals/2012/01/0...-barnes-noble/