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Simon & Schuster Finishes with Declining Sales But Rising Profits

Sales at Simon & Schuster fell to $209 million in the fourth quarter, down $24 million compared a year ago. (In 2014, the company had sales of $215 million in the quarter.) CBS said in their release the decline reflected "a difficult comparison with the fourth quarter of 2015, which…

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Harper Regains Some Ground In Second Quarter

News Corp. reported results for their fiscal second quarter ending December 31 on Thursday after the close of the market. They cited "meaningful revenues at HarperCollins" as the publisher's sales rebounded to $466 million (up $20 million from a year ago) and EBITDA of $75 million (up from $57 million a…

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A Soft Finish for 2016 At Lagardere Publishing

Lagardere reported fourth quarter results after the close of the market in Paris on Thursday, with publishing division sales of 619 million euros down 1.9 percent (or €12 million), "as expected," since they published a new Asterix in France in the final quarter of 2015. Acquisitions, including Perseus, added €22…

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Indigo Revenues Rise in Third Quarter

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal third quarter, ending December 31. Sales rose 4.5 percent, or $17.1 million, to $400.3 million (CA) for the quarter, driven by "lifestyle and toy categories" which, as was the case the previous quarter, was "partly offset by…

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In A Twist, Amazon Misses on Sales Growth But Improves On Earnings

Amazon reported fourth quarter sales after the close of the market on Wednesday, with results that surprised analysts by underperforming on sales growth versus expectations, even though they had higher income than expected. Since the stock price is driven by growth first and earnings later, shares declined from their all-time…

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Apple's Services Pass $7 Billion In Holiday Quarter

Apple reported sales for the holiday quarter -- Q1 2017 in their fiscal year -- that were slightly ahead of the company's record performance a year ago, and modestly ahead of analysts' estimates as well. Sales were $78.4 billion, with earnings per share of $3.36. The services segment, which includes iBooks…

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Quarto to Sell Ailing Books & Gifts Direct; Peanuts Stake for Sale

After years of poor results from the Books & Gifts Direct business in Australia and New Zealand, Quarto announced preliminary agreement on a sale on that division, with the deal "anticipated to close in the coming weeks." They are expected to receive a mere $1 million (Australian) in cash, plus $4.75 million "in…

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Barnes & Noble Lays Another Holiday Egg

We are accustomed to mediocre holiday sales reports from Barnes & Noble, since the last time the bookseller recorded an actual gain in core, same-store holiday book sales was the 2011 season. But even by that low bar, BN outdid themselves in holiday disappointment this time around: Same-store sales for…

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Scholastic Gains On Smaller Potter Bump

Scholastic reported fiscal second quarter results Thursday morning, for the period through November 30, with another Harry Potter boost from Fantastic Beasts lifting sales, albeit less dramatically than the gains the previous quarter from HP and the Cursed Child. Sales of $623 million were up $21 million, or 3.5 percent, with…

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Wiley Suffers Declining Book Sales and Special Charges

Wiley reported second quarter sales through October 31 on Wednesday morning, continuing the pattern from the first quarter of fiscal 2017. Sales of $425.6 million were down $7.8 million (or 2 percent) from a year ago, with a net loss of -$11.45 million (compared to a profit of $43.6 million…

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