Houghton Mifflin Harcourt reported first quarter results, with sales of $220 million, down $2 million from a year ago. EBITDA was a negative $15 million, a $9 million improvement from a loss of $24 million in the first quarter of 2017. The operating loss for what is typically their worst quarter was $87 million, also $9 million better…
Earnings Reports
Apple Services Continues Strong Growth
Apple reported fiscal 2018 second quarter earnings, with revenues of $61.1 billion, an increase of 16 percent for the same quarter last year. Growth in their services segment, which comprises digital content and services, Apple Care, Apple Pay, and licensing, was well ahead of expectations. CFO Luca Maestri reported in the conference call that the…
Amazon Gains On Strong Earnings
Amazon reported sales for the first quarter on Thursday afternoon, as net income more than doubled, to $1.63 billion, well ahead of analysts’ expectations. The stock is trading near all-time highs on the strong report. Sales of $51 billion were well ahead of the $35.7 billion in the same quarter a year ago. That was…
Bezos Reveals Amazon Stats — On Prime Members, and Big Kindle Earners
Amazon ceo Jeff Bezos released his annual shareholder letter on Wednesday, revealing for the first time that has more than 100 million paid Prime members globally. In another, less widely-reported statistic, Bezos wrote that over 1,000 Kindle Direct Publishing authors earned over $100,000 in royalties in 2017 (thus comprising over $100 million). Beyond that, third-party…
Quarto Has Good Finish to A Hard Year
Quarto reported “poor results” for the full year of 2017, but after a very weak first half and a profit warning in November, sales for the second half of the year from continuing operations were up 5.8 percent. For the full year, continuing sales were $152.5 million, down $2.1 million, with an operating loss of…
Sales Flat At Penguin Random House
Bertelsmann reported full year 2017 results on Tuesday morning in Germany, with sales at Penguin Random House just below flat, at €3.359 billion (down €2 million from 2016). Operating EBITDA for the publisher fell 2.9 percent to €521 million (down €16 million), “particularly as a result of negative exchange rate effects.” (Per our style, from here forward, we…