On Thursday, Barnes & Noble (NYSE: BKS) reported record earnings of $106 million (US$) in the fourth quarter. The earnings of $1.47 a share were more than 80 percent higher than the 81 cents a share reported last year.
Barnes & Noble’s earnings got a big boost from media company’s Bertelsmann AG’s purchase of 50 percent of Barnesandnoble.com. Sales at Barnesandnoble.com were also a factor, rising 381 percent to more than $70 million.
Shares of Barnes and Noble climbed 12 percent on Thursday, closing up 3-3/8 to 30-1/2. With a potential IPO of Barnesandnoble.com a possibility this year, this stock looks like it can soar even higher.