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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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Potter Helps Scholastic Again

Scholastic reported sales for their fiscal fourth quarter, ending May 31, of  $514 million, up 5 percent (or $26 million) from a year ago, "reflecting higher sales in all of the company's three segments - children's book publishing and distribution, education, and international." Operating income of $58.4 million was up from $33.5…

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UK Briefs: Hachette UK to Close Littlehampton Warehouse in 2019; Lost My Name Lays Off 10; and More

Hachette UK will close its Littlehampton Book Services warehouse and offices in 2019 as part of a bigger plan to consolidate and modernize their distribution operations. They will build a new distribution center in Didcot, Oxfordshire, about a mile away from the existing Bookpoint distribution facility, starting in late 2016.…

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Barnes & Noble Education Sales Rise At End of Challenging Year

Barnes & Noble Education reported fourth quarter results on Tuesday morning, with a strong finish to the fiscal year, as sales rose 7.6 percent (or $20.8 million) to $294.8 million, with same-store sales up 4.5 percent in the period. They incurred $8.3 million in restructuring costs related to the Yuzu…

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More Barnes & Noble Fiscal Facts

Barnes & Noble followed their headline fourth quarter press release with more extensive SEC filings by the end of the day on Thursday providing a number of additional details worth reviewing: Settlement Credits Perhaps contributing to the company's slightly positive sales forecast for the new fiscal year, BN says that…

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Barnes & Noble Ends Fiscal Year On A Loss

Barnes & Noble reported fiscal fourth quarter sales after the close of the market on Wednesday. Sales fell $33 million (or 3.6 percent) to $877 million in the quarter. Retail sales fell $17 million -- even as physical book unit sales as measured by Nielsen Bookscan continue to rise, as…

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