Houghton Mifflin Harcourt reported first quarter sales, with revenues of $206 million, up from $163 million a year ago, primarily on the addition of Scholastic’s EdTech business. The seasonal net loss of $165 million was $5 million (or 3 percent) higher than a year ago. In education, there was a “decline in domestic education billings due to smaller new adoption market in 2016 versus 2015.” The company said that trade sales of $31.5 million were down $2.3 million, or 7 percent, in the quarter, “due to a decrease in net sales of ebooks attributed to fewer movie tie-ins of bestselling ebook […]
