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Simon & Schuster Has Strong Finish to the Year

Simon & Schuster built on a small gain in the third quarter for a big gain in the fourth quarter that lifted full-year sales just above the previous year, by $2 million. Fourth quarter sales of $233 million were $18 million (or 8 percent) ahead of the same quarter a…

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Lagardere Publishing Rises On Euro and France; HBG Rebounds In Fourth Quarter

Lagardere reported fourth quarter sales after the close of the market in France on Wednesday (profits will be reported next month, in the European tradition). A strong final quarter gives a solid boost to their 2015 performance: Sales for the quarter were €631 million -- compared to €537 million euros…

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Another Decline in Sales and Profits for Harper in Second Quarter

HarperCollins reported sales for their fiscal second quarter, ending December 31. Total revenues declined $23 million, or 5 percent to $446 million for the quarter, while EBITDA dropped 26 percent to $57 million (compared to $77 million a year ago). The company blamed "lower e-book sales, negative foreign currency fluctuations and…

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On Cue: Waterstones' Annual Retreat From Forecasts of Profit

Waterstones has filed financial results for the fiscal year through April 2015, and managing director James Daunt is engaging in his annual dance of walking back the bold proclamations he made to an always-eager press during the important holiday sales period. Amazingly, our analysis right now is exactly the same…

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Indigo Celebrates Big Holiday Quarter

Canada's dominant physical bookseller Indigo reported fiscal third quarter sales, through December 26, with revenue up 12.9 percent to $383 million (a $44 million gain), and net earnings of $52.8 million, up sharply from $33 million a year ago. Those gains came even though the chain had one less superstore and four…

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Google Rises on Strong Earnings Report

Google's new parent company Alphabet reported fourth quarter earnings after the close of the market on Monday. The company exceeded investors' expectations, reporting sales of $21.3 billion and net income of $4.9 billion (or $7.16 a share). The stock rose more than 4 percent in early Tuesday trading on the news, which brings…

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Amazon Grows, But Profits Aren't Enough for Traders

Amazon reported fourth quarter sales after the close of the market on Thursday, with revenues growing 22 percent to $35.7 billion, and net income of $482 million in the fourth quarter, or $1.00 per diluted share. While those sound like strong results (record results, even), analysts were expecting slightly higher sales ($35.98…

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Apple Gains, Modestly, As "Services" Are Explained More

In closely-watched first quarter 2016 results that had many expecting Apple to stumble, the company reported sales and earnings slightly ahead of the same period a year ago, barely setting new records. Sales for the quarter ending December 26 were $75.9 billion (up $1.3 billion) and net income was $18.4…

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Pearson to Cut 4,000 Jobs, Reduces Forecasts

After first surprising markets by reducing their sales and profit expectations last October, on Thursday morning Pearson ceo John Fallon admitted "that the cyclical and policy related challenges in our biggest markets have been more pronounced and persisted for longer than anticipated." Another round of restructuring and reorganization is expected to eliminate…

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Scholastic Reduces Guidance After Down Quarter; Will Buy Back $200 Million In Shares

Scholastic reported fiscal second quarter results on Thursday, with sales falling $9.3 million to $601.8 million, and earnings from continuing operations declining to $1.85 a share, compared to $2.02 a year ago. Operating profit of $105.1 million was down 5 percent versus last year. The strong US dollar cost the company $17.2 million…

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