Barnes & Noble's profit soars 14%

A Barnes & Noble book store is seen in Encinitas, California March 9, 2015. REUTERS/Mike BlakeThomson ReutersA Barnes & Noble book store is seen in Encinitas, California

Barnes & Noble Inc, the largest U.S. bookstore chain, reported a 14 per cent rise in quarterly profit, helped by cost cutting in its Nook digital business.

The company said on Tuesday net income rose to $US72.2 million, or 93 cents per share, in the third quarter ended Jan. 31, from $US63.2 million, or 86 cents per share, a year earlier.

Revenue declined to $US1.96 billion from $US2.0 billion.

(Reporting by Yashaswini Swamynathan and Ramkumar Iyer in Bengaluru; Editing by Joyjeet Das)

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This article originally appeared at Reuters. Copyright 2015. Follow Reuters on Twitter.

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