Wiley reported second quarter sales through October 31 on Wednesday morning, continuing the pattern from the first quarter of fiscal 2017. Sales of $425.6 million were down $7.8 million (or 2 percent) from a year ago, with a net loss of -$11.45 million (compared to a profit of $43.6 million a year ago). “Adjusted” net income — if you adjust out all of the bad things that actually happened during the quarter — rose slightly on a per share basis. Special charges included $48 million for losing on an unfavorable tax ruling in Germany; $6.8 million on their recurring restructuring […]
