Sales continued to fall at HarperCollins for the fifth consecutive quarter though the declines have mitigated considerably, this time sliding $5 million to $310 million for their fiscal first quarter. More importantly, operating income improved considerably, breaking a string of two straight losses, at $20 million–compared to income of just $3 million this time a year ago. The company cites “higher sales at the children’s and general books divisions, as well as reduced operating expenses from restructuring efforts in the prior year” as the major contributing factors. (Harper’s results loosely mirrored parent company News Corp., where overall sales fell more […]
