The bookseller's devices and e-books business blames "lower average selling prices and lower device unit sales" for a more than 32 percent decrease in revenue during its fiscal second quarter.
Michael Huseby, who started as CFO and was promoted to president last year, will lead the bookseller's retail, college, and Nook Media operations.
With Nook for Web, you can read e-books from Barnes & Noble in your browser on a PC or a Mac.
Revenue in Barnes & Noble's Nook division hit $316 million, down 26 percent compared to the prior year, as the unit's losses balloon to $190.4 million.
The Nook maker's stock rose to $26 at open today, doubling its Friday closing price. Shares cooled off a bit as the morning moved along, but not by all that much.
Barnes & Noble will stop making color tablets, meaning its existing inventory will be sold on the cheap. Is now the time to buy?
The latest update to the app features a new interface, quicker performance, and a discount on certain books and magazines.
New Nooks, including a new color Nook Tablet, aim to take on Amazon and the Kindle Fire. All the live news from today's press conference.
Barnes & Noble announced today that users can now explore and read books in a Nook-like reading environment in the browser. The service works on both Mac and PC.
Software giant makes leap into the tablet market with Microsoft-branded slates that will run Windows RT and Windows 8.