Barnes & Noble Swings To a Loss, Revenue Up

NEW YORK -- Barnes & Noble Inc. said Tuesday it swung to a first-quarter loss of $62.5 million, or $1.12 a share, from net income of $12.3 million, or 21 cents a share, in the year-ago period. The book seller said its adjusted loss of $1.02 a share, was in line with its forecasted range. Total sales rose 21% to $1.4 billion. Wall Street analysts expected the company to lose 80 cents a share, with revenue of $1.4 billion, according to a survey by FactSet Research. The company expects a second-quarter loss of 5 cents a share to 25