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Pearson Steady During Restructuring; PRH "Performed Well"

Pearson reported sales for the first half of the year of £2.047, down 7 percent (but up 2 percent on currency neutral basis). Adjusted operating  profit was 75 million pounds, compared to 137 million pounds a year ago, reflecting bigger charges on their continuing restructuring charges (£43 million so far…

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Amazon Loses More Money Than Expected; Stock Suffers

Amazon's stock is down over 10 percent in early Friday trading (a decline of almost $40 a share) after reporting a larger than expected loss for their second quarter -- and forecasting bigger losses for the next quarter. Second quarter sales grew 23 percent to $19.34 billion, with an operating loss…

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Scholastic Takes $21.4 Charge, Mostly on Storia, Which Will Switch to School Licensing Model

Scholastic reported fourth quarter and full fiscal year earnings on Thursday morning, with sales rising 8 percent to $549 million and operating income increasing more, at $48.6 million. The stock rose in early morning trading on the improved results and positive guidance for next year. But the company disclosed a…

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Apple Reports Softer iPad Sales, As iTunes Continues Growth

Apple reported third quarter revenue after the close of market on Tuesday, with sales of $37.4 billion (up 6%, largely due to growth in China), and net profit of $7.7 billion. iPad sales of 13.3 million were down 9 percent (from 14.6 million units a year ago), making approximately 227…

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Google Play Grows Again

Google reported second quarter earnings after the close of the market Thursday. The segment in which they report Google Play sales -- "other revenues" -- was up 53 percent compared to a year ago, and up 3 percent from the previous quarter. It comprised $1.6 billion for the quarter. The company said…

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Sales Fall 9 Percent at Bloomsbury On Difficult Comp

In a brief "interim statement," Bloomsbury reported that fiscal first quarter sales (for the period ending May 31) were down 9 percent compared to a year ago -- when they had an unusually strong first quarter. All the decline and then some comes from the adult trade division, "as anticipated,"…

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Oxford University Press Results Flat On Year of "Structural Change"

Sales were flat Oxford University Press for the fiscal year ending March 31, 2014, at £759 million, and profit before tax from continuing operations declined £9 million, to £107 million. The press was able to transfer £50 million to the university. Digital sales comprised 19 percent of total revenues and…

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Barnes & Noble To Spin Off Nook As Public Company; Reports Weak Finish to Fiscal 2014

Barnes & Noble announced before the opening of the stock market Wednesday that it intends to split off its Nook Media division from the retail side, creating two separate, publicly traded companies. Shares rose over 10 percent in early morning trading on the news, up to roughly $22.5 a share.…

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Wiley Ends Fiscal Year Exceeding Expectations

Wiley announced a strong fourth quarter and a good end to a fiscal year that included multiple restructuring charges as the company has remade itself into a "global provider of knowledge and knowledge-enabled services." Fourth quarter sales of $457 million were up $16 million and income was significantly higher on a…

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Books-a-Million Celebrates A Flat First Quarter

Sales eked up $200,000 at Books-A-Million in their fiscal first quarter, ending May 3, reaching $103.8 million for the period. Same-store sales were down 2.5 percent, however, and the net loss of $5.6 million was significantly higher. (A year ago their loss was mitigated by a $2 million tax benefit.)…

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