From: Reuters
Published March 20, 2008 08:39 AM

Barnes & Noble posts lower quarterly profit

ATLANTA (Reuters) - Bookseller Barnes & Noble Inc <BKS.N> on Thursday reported a lower quarterly profit as a deteriorating economy hurt sales.

The world's largest specialty book retailer said net income in the fiscal fourth-quarter ended February 2 was $115 million, or $1.79 a diluted share, compared with $126.7 million, or $1.83 a share, a year earlier.

Rival Borders Group Inc <BGP.N> earlier on Thursday suspended its dividend and said it would explore options including a possible sale of the company.

(Reporting by Karen Jacobs, editing by Gerald E. McCormick)

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