Houghton Mifflin Harcourt reported fourth quarter and full year earnings for 2019, with overall sales for the quarter of $241 million, down $8 million from a year ago, and another big net loss of ($125 million), more than double the loss of ($56 million) last year. The stock traded down 6 percent on the news, to approximately $5.40 a share. In the company’s modest trade business, sales for the quarter were $52.1 million, down from $60.3 million in 2018. For the year, sales of $180 million were down $19.7 million from $199.7 million in 2018 — or 9.9 percent, just […]
