Houghton Mifflin Harcourt reported fourth quarter and full-year results Thursday morning, and for the second quarter in a row their performance fell short of analysts’ expectations, even after revising their guidance in November. Fourth quarter sales were $298 million, with a net loss of $97 million — $13 million higher than the net loss a year, or -$.75 a share (versus expectations of -$.56 a share). Despite the miss, however, the stock is up over 4 percent in early trading. Trade division sales were $50 million for the fourth quarter, up $2 million, and trade adjusted EBITDA was flat at […]
