U.S. Markets closed

Barnes & Noble Shares Off; Fourth-Quarter Loss Narrows on Lower Sales

Tony Owusu

For the quarter ended April 27, B&N, which has agreed to be acquired by the hedge fund Elliott Management, had a loss of $18.7 million, or 26 cents a share, compared with a year-earlier loss of $21.1 million, or 29 cents. Fourth-quarter comparable-store sales fell 2.3%. B&N on June 7 said Elliott Management had agreed to pay $6.50 a share, or about $475 million, for the company.