Renewed hope for Books & Nooks
Barnes & Noble Inc., the largest US bookstore chain, rose the most in more than three months after posting a smaller quarterly loss and projecting revenue for its Nook e-reader to more than double this year. The net loss narrowed to $56.6 million, or 99 cents a share. Barnes & Noble has sacrificed profits to invest in transitioning into a digital-content provider through its Nook e-readers.
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