From the (AP)AP
CHICAGO (AP) -- Bookseller Barnes & Noble Inc. said it will record an after-tax charge in the third quarter of $1.8 million.
The charge, related to the termination of an employment agreement with Marie Toulantis, the chief executive of the company's online unit, amounts to about 3 cents per share, and was disclosed in a regulatory filing on Friday.
Toulantis resigned in August.
Analysts surveyed by Thomson Reuters expected the nation's largest bookseller to lose 13 cents per share on revenue of $1.18 billion during the quarter. Those estimates typically exclude one-time charges.
Earlier this summer, the New York-based retailer said it expected to lose between 10 and 15 cents per share in the third quarter.
Barnes & Nobel shares climbed 39 cents to $23.96 in trading Friday.