McGraw-Hill reported third quarter earnings Friday morning, delayed from earlier in the week. Sales of $1.953 billion and net income from continuing operations of $379 million both grew, driven by increases at S&P, while the company took a $99 million charge due to the upcoming separation of their education unit. (“Approximately half” of that was attributed to actual restructuring; the rest was professional fees.) But sales fell 11 percent at the education division, to $836 million, while net profit, at $268 million, dropped 15 percent. McGraw-Hill attributed at least a third of the revenue decline to “deferred revenue associated with the migration to […]