Wiley reported earnings for the third quarter ended January 31, with overall sales of $467 million, above analysts’ expectations. Operating income was $48.5 million, down from $50.4 million in last year’s quarter. The company had restructuring charges of $3.3 million, and they raised their guidance for full-year adjusted earnings by 10 cents a share. Thirty minutes after open, the stock was up modestly on the news, trading about 2 percent higher than yesterday’s close. What Wiley calls education publishing showed some improvement, with sales of $101 million, up from $95.6 million last year. (They changed their reporting at the beginning […]
