B&N: Nook has 25 percent of U.S. e-book market

Marketing and developing the Nook has cut into profits.
(Credit:
Barnes Noble)


In reporting its earnings for the third quarter that ended on Jan. 29, Barnes Noble's had some good and bad news.
First the bad: the company's profits were down 25 percent from the previous quarter last year as it continued to invest heavily in its Nook e-reader line. It posted a $60.6 million profit ($1 a share) compared to $80.4 million ($1.38 a share) in the year-earlier period. From a marketing and RD

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