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Scholastic Finishes Good Year with Lower Quarter

Scholastic reported fiscal fourth quarter 2017 sales through May 31 of $499.6 million, down $14.2 million from a year ago, on lower sales in children's publishing and distribution and international. Operating income for the quarter was $64.2 million, up $5.8 million on increased education sales and lower costs. Children's trade…

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Quarto Falls on Profit Warning, and China Literature Heads for IPO

Ahead of reporting results for the first half of 2017,  Quarto Group warned that its earnings guidance "for 2017 and beyond has been set too high." That's due to both "a lower-than expected trading performance in the year to date" during "the ongoing soft retail environment" as well as an accounting…

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

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

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

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

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

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

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

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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Quarto's Earnings Suffer From Direct Sales Unit

Quarto reported sales of $188 million for 2016, up $6 million from the year before, though operating profit fell to just $1.7 million, due to the $14.2 impairment charge related to the Books & Gifts Direct businesses in Australia and New Zealand that are being sold. Operating profit absent that…

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