In reporting its full-year financial results, Barnes and Noble Inc said its barnesandnoble.com internet sales unit saw revenues for the year of $70.2m, representing a 381% increase over 1997. The book retailing giant also said it recorded a $42.1m ($0.59 per share) net loss associated with its equity interest in the unit, which was mostly offset by a net gain of $37.6m ($0.53) from the Bertelsmann investment in it. Overall, the company reported earnings of $1.29 per share, thanks to retail EPS of $1.35.
