06.11.2014 13:59:18
|
Houghton Mifflin Harcourt Q3 Profit Rises, Announces Buyback - Quick Facts
(RTTNews) - Education company Houghton Mifflin Harcourt Co. (HMHC) said third-quarter net income increased to $107.03 million from last year's $105.11 million. Earnings per share were flat at $0.75.
On average, seven analysts polled by Thomson Reuters expected earnings of $1.11 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales were $551 million, compared with $550 million for the third quarter of 2013. Analysts expected revenues of $626.53 million.
Net Sales for 2014 are now expected to be approximately flat due to the increase in deferred revenue primarily as a result of the rapid uptake of digital content and change in product mix.
Further, the company said its Board of Directors has authorized the repurchase of up to $100 million of shares of common stock.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu HMH Holdings Delaware Incmehr Nachrichten
Keine Nachrichten verfügbar. |