In a trading update ahead of their full late-February earnings report, Pearson said to expect profits slightly short of what analysts had been expecting. Forecast operating profit of approximately £935 million and adjusted earnings of approximately 84 pence per share is only nine-tenths of a pence below expectations–but Pearson generally outperforms those expectations, and the stock has fallen in London on the news, down 4.5 percent over the past two days of trading. The release itself is disarmingly pleasant and polite. Penguin “benefited from a good fourth-quarter publishing performance and traded in line with our expectations,” and “will report revenues in […]
