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What: Shares of Barnes & Noble
So what: The company posted a larger-than-expected loss during the fiscal second quarter of $0.22 versus the loss of $0.08 expected by analysts. The company spent heavily to develop the Nook reader, a product the company thinks can be a "massive opportunity."
Now what: As the world transitions away from physical books to e-reader devices, Barnes & Noble is having to contend with the likes of Amazon
Interested in more info on Barnes & Noble? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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