Call it the curse of Harry Potter.
Shares in bookseller Barnes am Noble tumbled 12 percent Thursday after the company reported a sharp drop in quarterly earnings.
It said part of the attribute was that at exactly the same period last year, its earnings got a large boost by the launch of Harry Potter and The Cursed Child. There was no similar hot seller in this year’s quarter.
The New York-based firm’s total sales dropped almost 8 percent in its fiscal second quarter that ended Oct. 28 in comparison to last year, fueling a reduction of $30.1-million. The company had a loss of $20.4-million in precisely the same quarter last year.