Borders Group (BGP), which reported at the same time as Barnes & Noble (BKS) reported its grim outlook this morning, delivered a much-deeper-than-expected loss per share as sales came in well below estimates. Sales declined 13%, year over year, to $595.5 million versus the consensus $629.05 million, yielding a net loss of 65 cents a share, worse than the 45-cent estimate. The company did not provide a forecast. Stock was down about a penny at $2.00 before the announcement. No updates are coming now, so it looks like the stock may have been halted.
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