Quarto reported half-year results, with sales showing some improvement, as revenues rose $6 million to $56.2 million. Some of that gain reflects a shift in the “seasonal split of co-edition revenues, with a higher percentage than normal of expected full-year revenues achieved in the first half.” Their operating loss of ($7 million) was slightly improved…
Earnings Reports
Wiley Reports Modest Q1 Decline in Overall Publishing
Wiley reported results for the first fiscal quarter ended July 31, 2018, with GAAP revenue of $411 million, a 1 percent decline versus the prior year, and operating income of $36 million, a $24 million increase from a year ago, when the company had taken a restructuring charge. Overall publishing sales were slightly lower, continuing…
Barnes & Noble Celebrates Doing Less Worse Month by Month
This is what it has come to. Barnes & Noble reported fiscal first quarter sales through July 28, and once again fell short of analysts’ expectations. The stock is down about 8 percent in the first hour of trading. Sales of $795 million were down 6.9 percent from a year ago (expectations were $833 million) and…
People, Etc.
Hasan Altaf joins the Paris Review as managing editor next Tuesday. Most recently, he was the managing editor at Harper’s Magazine. Fiction writer, poet, and musician Christian Keifer takes the new role of West Coast editor. Additionally, an expanded roster of advisory editors incorporates former poetry editor Robyn Creswell, plus Saskia Hamilton and Christopher Merrill….
Sales Slide at Penguin Random House On Softer Dollar and More
Bertelsmann reported results for the first half of the year on Thursday, with sales at Penguin Random House+ (the PRH joint venture, plus the separate Random House Germany) registering €1.482 billion, down €48 million (or 3.1 percent) overall from a year ago. Operating EBITDA fell further, to €171 million, down 35 million (or 17 percent)….
New Accounting Rules Will Likely Lift Penguin Random House’s Sales: It’s A Long Story
On Thursday Penguin Random House’s parent company Bertelsmann will be the last of the big companies to report financial results through June 30, and when that happens, there will be something different about PRH’s results. The company will use a different accounting method for their ebook sales, making their overall sales for the past six…