Wiley announced fiscal fourth-quarter sales for the period ending April 30 of $475 million, compared to $491 million in the same period a year ago — a 3 percent decline, or 6 percent when acquisitions and $7 million in foreign exchange impact are taken into account. They incurred a big net loss of ($158) million, compared to net income of $63 million last year. As expected given global school and office shutdowns, education publishing was down 12 percent, to $84 million from $95 million, and professional learning declined 23 percent, to $66 million. The net loss reflects approximately $110 million […]
