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Pearson Starts Well; Quarto Is Up In the US and Down Overall

April 26, 2013
By Michael Cader

In a short first quarter trading update ahead of their annual meeting–in the British style–Pearson said overall sales were £1.2 billion, up 3 percent at constant exchange rates and 4 percent overall (but down slightly on an underlying basis). Penguin “has had a good start to the year with market share gains in all key territories boosted by bestsellers from Harlan Coben, Nora Roberts, Jamie Oliver and John Green.” The FT “is facing weak trading conditions for advertising” and otherwise their performance is in line with their forecast from last month when they reported 2012 results. Pearson In another brief […]

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Filed Under: Earnings Reports, International News, Publishers

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