On Thursday, Houghton Mifflin Harcourt reported third quarter earnings for the period ending September 30, with sales of $417 million, up 25.9 percent from 2020. The company reported income of $95 million, up from a loss of ($12) million last year. They claim these are “strong” results, and the company increased their full year billings guidance for the second time, to $1.075–1.095 billion, up from $980 million–$1.02 billion. But the bar was mighty low. Two years ago sales for the same quarter were $566 million (with $48 million from the now-sold trade division). “Underpinning these growth opportunities is a large […]
