Good Stocks to Watch - (NYSE:BGP) Reported A Much-Deeper-Than-Expected Loss Per Share

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Borders Group, Inc. (NYSE:BGP) fell 5.37% to $1.90 after it said Tuesday its third-quarter loss narrowed to $37.7 million, or 63 cents a share, from a loss of $175.4 million, or $2.90 a basic share, in the year-ago period. On an operating basis, the Ann Arbor, Mich., book retailer said it lost 65 cents a share. Analysts polled by FactSet Research were looking for a loss of $1.25 a share, on average. Sales were $595.5 million, down from $682.1 million last year. Same-store sales declined by 12.1% and 7.2% at Borders superstores and Waldenbooks stores, respectively.

Borders Group, Inc., through its subsidiaries, operates book, music and movie superstores, and mall-based bookstores. The Company's operating subsidiaries include Borders, Inc. (Borders), Walden Book Company, Inc. (Waldenbooks) and Borders Australia Pty Limited.

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