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Quarto Has Better Sales, Still with Big Loss; Bertelsmann to Buy OnCourse Learning

September 17, 2018
By Michael Cader

Quarto reported half-year results, with sales showing some improvement, as revenues rose $6 million to $56.2 million. Some of that gain reflects a shift in the “seasonal split of co-edition revenues, with a higher percentage than normal of expected full-year revenues achieved in the first half.” Their operating loss of ($7 million) was slightly improved from last year’s ($7.6 million), though the after tax loss of ($6.7 million) was higher than last year’s ($5.2 million), and is a poor result by any objective measure. The company’s lightly-traded stock is headed towards a new all-time low following the news. Though not […]

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Filed Under: Earnings Reports, Education, Finance, M&A, Publishers

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