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NEW YORK (AP) _ Barnes & Noble Inc., the nation's largest bookseller, posted a wider first quarter loss because of an investment-related charge, but raised its full-year profit forecast due to surging sales from its GameStop video game business.

The results, announced Thursday, beat projections from Wall Street analysts, who had anticipated that the reported loss would be larger.

The company said it lost $16.3 million, or 25 cents per share in the three months ended May 4, compared with $11.5 million, or 18 cents per share in the year-ago period.

The results included a one-time, noncash impairment charge of $25.3 million, or 23 cents per share, to write down its investment in Gemstar-TV Guide International Inc.

Excluding the charges, the company lost $1.4 million, or 2 cents per share. Analysts polled by Thomson Financial/First Call had expected a loss of 5 cents per share.

The company's sales were $1.13 billion, up from $1.09 billion in the year-ago period.

The company reported earnings from its retail bookstores of $3.5 million, or 5 cents a share, on sales of $861.5 million. A year ago, the company recorded earnings of $7.75 million, or 12 cents per share, on sales of $808 million.

Same-store sales in the period rose 2.5 percent at Barnes & Noble stores and decreased 1 percent at B. Dalton Bookseller.

The company's share of net losses for Barnes & Noble.com, the online bookselling division, were $4.4 million, or 7 cents per share, compared with a loss of $7.1 million, or 11 cents per share, in the year-ago period. Barnes & Noble has a 36 percent stake in Barnes & Noble.com.

GameStop sales were $271.4 million for the quarter, an increase of 35 percent from $201 million in the year-ago period. Same-store sales increased 28.7 percent for the first quarter.

The company owns about 60 percent of GameStop's stock.

Barnes & Noble's share of GameStop net earnings was $1.9 million, or 3 cents per share.

GameStop completed an initial public offering on Feb. 19, raising $250 million in cash for Barnes & Noble Inc. and $98 million in proceeds for GameStop.

Based on stronger results from GameStop, Barnes & Noble now expects its full-year profits to be $1.90 per share, up from its previous estimate of $1.87. Analysts expected $1.86 per share for the year.

Shares were down 53 cents at $32.35 in early afternoon trading on the New York Stock Exchange.