After a job-ending $40 million reduction in expectations for former ceo Linda Zecher followed by a warning from the board that things might be even worse, those ominous signals (“Considering the importance of the third quarter, HMH plans to provide a further update on its expected financial performance for the full year when it issues its third quarter earnings in November 2016”) bore out poorly on Thursday morning for Houghton Mifflin Harcourt. The company lowered their forecast for the year dramatically again in reporting those third quarter results “in light of weaker-than-expected results in the domestic education market,” now expecting sales […]
