Wiley reported sales of $432 million for their fiscal second quarter of fiscal year 2009, up 2 percent from a year ago, with earnings of .67 cents a share, up 14 percent. CEO William Pesce reports that “we generated solid top-line growth in our global STMS and higher education businesses. Professional/Trade revenue was down, reflecting the combined effect of weak retail sales and the comparison to last year’s strong first half.” Because of that diversity, the company remains “cautiously optimistic that full-year revenue growth will be in the mid-single digits, excluding the unfavorable effect of foreign exchange.” But with almost […]
