Riding the substantial decline of the pound against the dollar and a more diversified education business than some of their peers, Pearson confirmed in a short trading update that “we will report good growth and continued progress on our financial goals for 2008, despite the worsening macroeconomic environment” and “all of our businesses achieved or exceeded our guidance for 2008.” The company expects to report earnings growth of approximately 20 percent in early March, ahead of analysts’ estimates. Penguin “performed well, in line with our expectations, in a slower holiday trading season for the overall books market.” In their dominant […]
