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August 3, 2010By Michael Cader

Sales and Profits Rise at Simon & Schuster

August 3, 2010By Michael Cader

Sales at Simon & Schuster were up 4.5 percent in their fiscal second quarter, ending June 30, at $189.7 million an $8.3 million increase from a year ago. Adjusted OIBDA was up more, by 65%, at $16.9 million, compared to $10.3 million a year ago, and adjusted operating income rose to $15.2 million. The company cited “growth in digital content sales and the strength of best-selling titles in the second quarter of 2010, including Spoken from the Heart by Laura Bush and Women Food and God by Geneen Roth.” Though the sales gains may seem relatively small, it’s the largest […]

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Filed Under: Earnings Reports, Publishers

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