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Currency Lifts Pearson

Following their big news Thursday on the sale of the FT Group to Nikkei, Pearson reported half-year 2015 results on Friday morning. (Bloomberg gets detailed background on the FT sale process, and says that Nikkei's final bid -- £100 million more than Axel Springer's offer -- topped Pearson's own asking…

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Amazon Stock Soars On Second Quarter Profit

Amazon reported second quarter results after the close of the market Thursday afternoon. Total sales grew 20 percent to $23.18 billion, while operating income was $464 million (compared to a loss of $15 million a year ago) and net profits were $92 million (compared to last year's net loss of $126 million).…

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Corporate: Scholastic Ends Year on a Flat Note; Bloomsbury Update

Scholastic reported fourth-quarter and full-year results on Thursday morning. With the recent quarter dominated by their by big EdTech sale to Houghton Mifflin Harcourt, sales from continuing operations were marginally below flat at $488 million, with operating income down 12 percent to $33.5 million (attributed primarily to foreign exchange impact…

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Apple Disappoints Investors By Outperforming Only A Little

There is business, and then there is Wall Street. Apple reported third quarter sales on Tuesday afternoon, with sales growing 33 percent to $49.6 billion and earnings growing 45 percent to $10.7 billion -- exceeding at least some of analysts' expectations, but only by small amounts, which led to the…

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Google Play Growth Continues; Layoffs at Pearson US

Google reported stronger than expected second quarter results after the close of the market on Thursday and shares have spiked as result. The market is focused on improved YouTube ad sales and mobile search business, but we keep a narrower focus on the Google Play store -- which is reported…

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Back to the Basics At Barnes: What's Been Lost In the eBook Era?

On or about September 1 Barnes & Noble Inc. will return to its roots as a chain of retail bookstores, following the spinoff of Barnes & Noble Education and the nearly-complete winding down of the Nook experiment. So we thought it would be interesting to turn back the reporting clock and see…

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Book Sales Fell Slightly at Barnes & Noble, As Nook Shed Employees

Barnes & Noble filed their full annual SEC report, subsequent to their basic earnings release last Thursday, which offers more specific details about the company's performance. Perhaps most relevant are the breakdowns on sales at the BN Retail unit. As reported last week, overall sales in this division decreased $186.9 million in…

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Barnes & Noble Finishes with Soft Quarter

Barnes & Noble reported fourth quarter fiscal 2015 results on Thursday morning, more or less in line with analysts' expectations, losing $19.4 million (37 cents a share) on sales of $1.184 billion. Sales fell in all three divisions and were down $138 million (or 10.4 percent) compared to a year…

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Foreign Exchange Holds Down Wiley Sales, As Book Sales Continue Decline

Wiley reported fourth quarter sales for the period ending April 30, with sales falling 3 percent to $442 million (down $15 million) on currency exchange, as half their sales come from the weaker pound and euro. Adjusted operating income of $63 million was flat for the quarter, and net income…

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Books-A-Million Starts the Fiscal Year on a Downward Note; HMH Completes Scholastic Edtech Acquisition

Sales dropped $2 million (or 1.9 percent) at Books-A-Million in their fiscal first quarter, ending May 2, reaching $101.8 million for the period. Same-store sales also declined 0.9 percent down 2.5 percent, and the net loss of $5.3 million was marginally improved over the $5.6 million net loss for the…

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