Sales at Wiley rose 2 percent to $455 million in their fiscal fourth quarter and adjusted earnings rose 73 percent to 80 cents a share. For the full year, revenue was up 1 percent to $1.783 billion, while adjusted earnings rose 11 percent to $3.21 a share. (That amount excludes a 12 cents per share tax reserve release originally recorded as part of its Blackwell acquisition, and a 10 cents per share Borders writedown dating to the previous fiscal year.) In the professional/trade division, sales rose 4 percent to $114 million for the quarter (including $3.3 million of revenue from […]
