Wiley reported fiscal third quarter earnings Tuesday morning, with overall sales down slightly, to $449 million from $456 million, representing “favorable underlying growth throughout, except in book publishing,” according to president and ceo Brian Napack. Operating income dropped more significantly, however, to $50 million from $65 million a year ago, or 23 percent. The results include $13 million in sales from the recent acquisition of Learning House, and -$6 million in operating income. Just after 11 a.m., the stock was trading down about 15 percent from the prior day’s close. STM and professional publishing sales fell $16.2 million or 20 […]
