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Revenue Gains on Bigger Losses for Scholastic's Third Quarter

Scholastic reported third quarter sales of $382.1 million, up 2 percent (or $8.6 million) from a year ago, "largely driven by strong sales in children's books, especially in the company's school-based distribution channels, higher circulation of the company's classroom magazines, and increased sales of classroom books and literacy initiatives." But…

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Quarto Revenue and Profit Gain Throughout 2014

Quarto Group reported results for the year ending December 31, 2014, with sales up 2 percent to $172.6 million (a increase of $3.4 million) and operating profit up 10 percent to $15.4 million (an increase of $1.4 million). CEO Marcus Leaver said in the release, "In 2014, Quarto started to…

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Lagardere's Profit Falls Along with Sales

Having already reported sales for 2014 a month ago, in the European style Lagardere followed up on Wednesday afternoon with a full accounting of their profits for the year as well. On those sales of €2.004 million (down 3 percent), recurring EBIT fell further, down €26 million or 12 percent to €197…

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Barnes & Noble Discloses More Figures, Buys More Time from Samsung

As we've pointed out, Barnes & Noble's sales of Nook-branded devices have been running well below projections and their purchase promise made to Samsung. In an amendment to that agreement dated March 7, Samsung agreed to give Nook until June 30, 2016 to purchase at least 1 million co-branded tablets…

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Wiley Grows in Q3, But Book Sales Still Decline

Wiley reported adjusted third quarter sales of $466 million, up 2 percent including foreign exchange, while adjusted operating income of $78 million was flat (with net income rising $3.5 million). The company took charges of $24 million in the quarter related to their ongoing restructuring program, of which half was due…

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Barnes & Noble Sales Ebb; Earnings Improve Less Than Expected

Barnes & Noble reported fiscal third quarter earnings on Tuesday morning for the period ending January 31, with sales of $1.96 billion down $35 million from a year ago. EBITDA improved by $24 million to $197 million, and consolidated earnings rose to $72 million (93 cents per share), compared to $63 million (86 cents per…

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Pearson "Completed Our Intense Two Year Restructuring"; Names PRH's Williams CFO

Pearson announced preliminary annual results Friday morning, with sales of £4.874 billion down 4 percent (but up 2 percent on a constant-exchange-rate basis) and higher operating profit of £720 million -- with lower restructuring charges but a higher tax rate, leaving  earnings down to 66.7 pence per share, compared to 70.1…

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Trade Rebounds In Houghton's Fourth Quarter

Helped by publication of bestselling What If, Houghton Mifflin Harcourt's modest trade division saw sales rise in the fourth quarter to $48 million, up $2 million from a year ago, as the unit recorded a small net gain for the period ($500,000), compared to a small net loss a year ago. Adjusted EBITDA…

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Simon & Schuster Sales Fall for Fourth Quarter and Full Year

Fourth quarter sales at Simon & Schuster fell by $10 million (or 4.5 percent) to $215 million. The second consecutive quarterly drop left the company $31 million below 2013's sales, down 4 percent to $778 million for the year. (Though the year-to-year variance is relatively small, it is the lowest annual sales…

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Lagardere Publishing Sales Fall In Fourth Quarter and Full Year

Lagardere reported fourth quarter sales on Tuesday, with publishing sales of €537 million down 5.5 percent from€569 million a year ago -- and declining further, 8.7 percent, on a like-for-like basis. (Sales fell even with a foreign exchange gain of €14 million.) The company blamed "an unfavorable comparison effect" to…

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