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Sales Continue Falling at Barnes & Noble, But Earnings Improve

by on June 22, 2017 in Booksellers, Earnings Reports

Barnes & Noble continued to suffer from declining sales in their fourth quarter, ending April 29, but a reduced loss in the period and improved earnings for the fiscal year gave investors some confidence. After closing Wednesday near an all-time low of $6.50 a share, investors were relieved by the…

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Nearly Flat for the Year, Wiley's Earnings Nudge Up As Book Sales Keep Falling

by on June 13, 2017 in Earnings Reports, Publishers

Wiley reported fiscal 2017 fourth quarter earnings for the year ending April 30 on Tuesday morning, with sales of $452 million (up $18 million from a year ago) and adjusted operating income of $61.7 million (up from $51.1 million a year ago), with earnings ahead of analysts' expectations. For the…

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Indigo Records Their First Billion-Dollar Year

by on May 30, 2017 in Booksellers, Earnings Reports

Canadian retailer Indigo reported results for their fiscal fourth quarter, ending April 1, with full-year sales passing $1 billion (CA) for the first time: Total sales for the year were $1.02 billion, up $25.6 million or 2.6 percent from a year ago. Adjusted EBITDA was $52.2 million, up from $43.1 million…

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Potter and FX Lift Bloomsbury's Sales, But Not Profits

by on May 18, 2017 in Earnings Reports, Publishers

Bloomsbury reported results for their fiscal year, ending February 28, with sales of £142.6 million, up £18.9 million, as profit before tax fell £1 million to £12 million. Despite their intention "to become primarily a non-consumer publisher in the B2B academic and professional information market," Bloomsbury is still very much…

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Lagardere Publishing Gains On Perseus and Rowling

by on May 11, 2017 in Earnings Reports, Publishers

Lagardere Publishing reported results for the first quarter of 2017, with sales of €440 million, up €25 million from a year ago -- though €18 million of that gain came from the addition of the Perseus imprints, leaving a 1.7 percent rise in the traditionally modest quarter. A "significant restocking of…

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Harper's Sales Rebound A Little

by on May 9, 2017 in Earnings Reports, Free, Publishers

Sales rebounded somewhat at HarperCollins in the parent company News Corp.'s fiscal third quarter, ending March 31, with revenues of $374 million. That's a $16 million gain from the same quarter a year ago, though that was a poor period for Harper; in the same quarter in fiscal 2015 sales…

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Pearson Shares Rise On A Third Big Restructuring, and Possible Sale of K-12 Publishing Business

by on May 5, 2017 in Earnings Reports, Publishers

Pearson cheered investors by announcing plans for a third broad-scale restructuring, focused on North America, which should lead to further staff reductions. For now, all they are saying is, "We have engaged in a further rigorous cost benchmarking process across our business and have identified a further significant additional cost…

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Simon & Schuster Gains In First Quarter

by on May 5, 2017 in Earnings Reports, Free, Publishers

Simon & Schuster's parent company CBS reported first quarter earnings on Thursday afternoon, with the publisher recording sales of $161 million, up $16 million (or 11 percent) over the same period last year. Helped by the acquisition in the previous quarter of Adams Media, the company saw broad sales gains,…

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Houghton Stabilizes As Trade Sales Lift In First Quarter

by on May 4, 2017 in Earnings Reports, Publishers

Houghton Mifflin Harcourt reported less dramatic results for their first quarter on Thursday morning. Sales of $221.9 million were up $16.1 million from a year ago, largely due to higher sales in California Reading and a $5 million fee "associated with the expiration of a distribution agreement." They were also helped by a…

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Apple's "Services" Keep Growing

by on May 2, 2017 in Earnings Reports

Apple reported their fiscal second quarter on Tuesday afternoon, with sales of $ 52.9 billion and net income of $11.03 billion, both up modestly from the same quarter a year ago. The "services" category, which includes their digital media sales, had sales of $7.04 billion, up 18% from 5.99 billion a year…

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