Houghton Mifflin Harcourt reported Q1 earnings May 9, for the period ending March 31, 2019, with sales of $194.6 million declining by just over $5 million, and seasonal net loss of ($117.4) million, $16 million worse than a year ago. With weakness across the educational publishing markets, as shown by the planned merger of Cengage and McGraw-Hill (itself a bigger competitor looming for HMH), Houghton’s stock was down about 25 percent in the first hour of trading on the weak report. Trade sales (now called HMH Books & Media, but otherwise representing the same segment) were $40.8 million, up $4.1 […]
