McGraw Hill reported fourth quarter earnings of $153.8 million; or 50 cents a share, an 8 percent (or $27 million) drop from $167.3 million, or 53 cents a share, a year earlier. Excluding items such as acquisitions and a prior-year gain related to the sale of BusinessWeek, earnings rose to 55 cents from 51 cents. Total revenue rose 4.2 percent to $1.52 billion for the quarter, but the education side saw revenue slide 4.6 percent to $496.3 million and profits decrease to $496.3 million, largely attributed to an overall decline in textbook open territory sales. For the year, total net […]
