Blackwell Powers Good Quarter at Wiley Wiley announced third quarter sales of $429 million, up sharply with the addition of Blackwell Publishing and still up 6 percent compared to a year ago even without Blackwell. They reported adjusted net income of $40 million, and adjusted earnings per share rose 7 percent for the quarter “excluding certain one-time tax benefits and Blackwell” and were well ahead of anaylsts’ expectations. Blackwell itself accounted for $115 million in sales and $16 million in operating income. Based on the strong quarter, the company increased its sales guidance for the fourth quarter by about $20 […]
