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Results Steady At WH Smith, But...

On Wednesday WH Smith issued a short trading notice in advance of their annual results on August 31, saying the report will be "in line with expectations." Simple enough. That release inspired an equally short but potentially confusing Bloomberg piece that declares, "In the era of Facebook and Twitter, a…

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Merchandise Sales Lift Indigo

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal first quarter, ending July 2. Sales rose 4.4 percent, or $8.2 million, to $193.1 million for the quarter, "driven mainly by the continued double digit growth of key general merchandise categories." Book sales were up on a same-store basis, but flat overall…

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Sales Rise at Quarto

The Quarto Group also reported results for the first half of 2016, with acquisitions helping to boost sales, at $73.3 million up from $67.7 million a year ago. The biggest, and most profitable, growth came from Quarto USA, where sales gained almost $4 million to $31.7 million for the period, with an adjusted…

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Harper Gains In Fourth Quarter

After six straight quarters of "core" declines, HarperCollins finished their fiscal year with a better fourth quarter, boosted on the topline by an extra week of results. Sales of $433 million were up 11 percent overall (or $43 million), and EBITDA improved to $50 million (compared to $33 million a year ago).…

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HMH Reduces Full Year Guidance, Though Trade Has Modest Gain

Houghton Mifflin Harcourt reported second quarter sales on Thursday morning, reducing its guidance for the full year on "an updated expectation for its core domestic education market": 2016 sales are now expected to range from $1.485 billion to $1.555 million (with net billings of between $1.525 billion and $1.595 billion). The small trade division…

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As Expected, Pearson Falls

Joining the big wave of earnings reports was Pearson on Friday, with results for the first half of the year. Sales fell £131 million to £1.866 billion, down 7 percent overall (and down 11 percent on a currency neutral basis) -- "primarily due to the expected declines in assessment revenues…

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Simon & Schuster Sustains Profit Growth, On Lower Sales

Simon & Schuster's parent company CBS reported second quarter sales after the close of the market on Thursday, with publishing revenues falling 6 percent to $187 million (down from $199 million a year ago). But operating income grew by $1 million, up to $26 million, "as the revenue decline was…

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A Good Quarter for Amazon, With Media Sales Growing

Amazon reported second quarter results, with North American media sales of $2.928 billion up 12 percent (from $2.62 billion a year ago), as international media sales rose 9 percent $2.283 billion (from $2.094 billion a year ago). That's a total of $765 million lower than competitor Apple's just reported second-quarter…

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Lagardere Publishing Is Just Above Flat, Even with Perseus Sales

Lagardere reported results for the first half of the year on Thursday afternoon, with the book publishing group just above flat, recording sales of  €970 million (up €2 million) and flat EBIT at a relatively low €36 million for the period, even with the addition of the Perseus imprints. Acquired on…

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Apple Beats Low Expectations

Apple reported fiscal third quarter results on Tuesday afternoon, posting sales of $42.4 billion and earnings of $7.8 billion. While well below the comparable results from a year ago, investors were expecting a softer quarter; by slightly outperforming analysts' estimates, Apple's stock was up by close to 7 percent in after-hours…

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