Wiley announced earnings for the fiscal third quarter ended January 31, reporting sales of $461 million, down 6 percent from the previous year, due to divesting some businesses, and declines in others that were held for sale. The operating loss improved to $(46.4) million, compared to $(67.1) million last year, still impacted by an $82 million impairment charge for the Wiley Edge business that is being sold and another $15 million in restructuring charges. But the net loss of $(112.3 million) was higher, compared to $(77.5 million), due to a $52 million loss on the sale of a business and […]
