Latest Earnings: Houghton Houghton Mifflin’s trade and reference division reported net sales of $41.1 million for their third quarter, up 8.2 percent from last year. “The increase was due primarily to the higher sales of adult, children’s and cookbook titles, offset by the decline in sales of Tolkien titles.” Educational sales at the company were up slightly, though operating income declined for the quarter. Following Pearson’s news from yesterday, some analysts are grumpy that the company did not provide a specific range of forecast earnings. Numis Securities told The Scotsman they are reducing their own forecast by $9.2 million to […]
