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Digital Lifts Trade Profits At Wiley

September 8, 2011
By Michael Cader

John Wiley reported fiscal first quarter results, with sales of $430 million and adjusted operating income of $60 million. On a topline basis, both sales and adjusted earnings per share rose 5 percent, though those gains were almost entirely due to foreign exchange. On a currency-neutral basis, sales were slightly better than flat but adjusted earnings per share declined 3 percent. Sales were slightly better than analysts were expecting, but adjusted earnings per share of 68 cents fell short of projections of 75 a share (it’s a little tricky, however, since after special tax benefits earnings per share came in […]

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Filed Under: Earnings Reports, Publishers

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