This could be ugly. Barnes & Noble (BKS) this morning hit expectations exactly for its fiscal second quarter ended in October, reporting $1.2 billion in sales, up 4%, and a net loss of 30 cents, excluding a 13-cent charge, precisely as analysts forecast. But the company forecast third-quarter profit of $1.30 to $1.50 per share, below the $1.53 estimate, and the company lowered its full-year forecast to a range of 33 cents to 63 cents from 59 cents to 89 cents, which is below the 99-cent average. The company said it had higher costs than anticipated for its forthcoming “Nook” e-book reader. The stock was down 2 cents at $23.50 pre-market before the announcement but looks as if it’s been halted.
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