McGraw-Hill announced fourth quarter earnings per share of 53 cents, a 43 percent increase over last year, and a few cents ahead of analysts’ expectations. Overall sales were $1.5 billion, with net income of $167 million–the first increases in sales and earnings since the third quarter of 2007. Chairman Harold McGraw III cited an “upswing in higher education, professional and international markets” as contributing factors. Education sales of $520 million were up 2.6 percent, with operating profit of $33.5 million, compared to a loss of $12.7 million a year ago. (For the year, education sales were still down 9.5 percent, […]
