Barnes & Noble.com
said sales for the fourth quarter will exceed $103 million, a 36% increase from the year-ago period, but added that it will lose more money than analysts are expecting for the year, thanks to the acquisition of
The online book and entertainment products retailer said music sales were strong in the quarter and the company's new DVD-Video store, which opened in July, exceeded expectations.
The company expects to lose $1.05 to $1.08 for the year, wider than consensus estimates of a loss of 95 cents a share. The company attributed the forecast to the inclusion of the acquisition of Fatbrain.com, which analysts didn't figure into their estimates. The company didn't provide earnings guidance for the quarter, but five analysts polled by
First Call/Thomson Financial
are expecting the company to lose 24 cents in the quarter.
Shares of Barnes & Noble.com closed at $2.41 in regular session
trading, but fell to $2.31 in recent after-hours
Earlier today, both
Barnes & Noble
which owns 40% of Barnes & Noble.com, and
warned of shortfalls.