Harcourt — The Next Play The newest entry under this year’s theme of “everything is for sale” is the Harcourt Education business, as owner Reed Elsevier masked a shortfall in analysts’ expectations for their fiscal year-end report by announcing that Harcourt will be sold in the coming year. Harcourt as a whole has turned in weak results for the past two years, with sales for the just-closed fiscal 2006 of 889 million pounds, or $1.739 million, (down from 901 million pounds, or $1.763 million) and operating profit of 121 million pounds, or $237 million, down from 161 million pounds or […]
