Barnes & Noble's Q2 net earnings down

Aug 25, 2008 (Datamonitor via COMTEX) -- BKS | Quote | Chart | News | PowerRating -- Bookseller Barnes & Noble has reported net earnings of $15.4 million, or $0.27 per share, for the second quarter of 2008, compared to $18.05 million, or $0.26 per share, in the same quarter of 2007.

Total sales for the second quarter of 2008 were $1.22 billion, compared to $1.24 billion in the same quarter of 2007. Gross profit was $374.37 million, compared to $361.74 million in the same quarter of 2007.

For the 26 weeks ended August 2, 2008, net earnings were $13.18 million, or $0.23 per share, compared to $16.38 million, or $0.24 per share, in the same period of 2007. Total sales were $2.38 billion, compared to $2.39 billion in the corresponding period of 2007. Gross profit was $721.98 million, compared to $695.77 million in the same period of 2007.

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