Wiley reported higher sales and better earnings than analysts were expecting for their fiscal second quarter and the stock gained almost five percent in trading on the news Thursday, coming close to the all-time high from early 2015. Sales were up 6 percent to $452 million, and adjusted net income of $59.3 million was up from $5.1 million a year ago. In a break with recent trends, STM publishing of $71.5 million was up $3.5 million, and education publishing of $57.7 million was just above flat. That included 5 percent growth in digital and “lower than expected declines in print.” At the same […]
