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Sales, Earnings Drop at HarperCollins
Revenue fell 11% in the quarter ended March 31, 2016 compared to the period ended March 31, 2015 and earnings tumbles 36%, to $36 million. E-book sales were down.
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Slow Start for Houghton Mifflin Harcourt Trade
Sales in Houghton Mifflin Harcourt's trade division fell 7.3% in the first quarter and its loss rose.
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S&S Sees Earnings Gain, But Flat Sales, in Q1
Simon & Schuster reported revenue of $145 million in the first quarter of 2016, flat with revenue in the same period in 2015. Operating income rose 8%.
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Amazon Posts a $1 Billion Profit
Helped by a strong performance in its cloud services group, Amazon reported an operating profit of $1.1 billion in the first quarter ended March 31, 2016 compared to $255 million in the 2015 first quarter.
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Industry Sales Fell 2.6% in 2015
In the AAP's first report on 2015 results, the organization found that industry sales fell 2.6% in the year compared to 2014. The figures reflect sales reported by 1,205 publishers to AAP’s StatShot program.
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PW Stock Index Rallies in March
All 10 companies listed on the Publishers Weekly Stock Index saw an increase in share price in March, pushing the index up 8.5%.
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Educational Development Corp. Doubled Revenue in 2016
Sales hit $63.7 million in the fiscal year ended February 29, 2016, up from $32.5 million in the prior year, according to unaudited results released by the company.
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Harry Potter Contributes to Improved Scholastic Results
Third quarter sales rose 27% in Scholastic's trade division over the same period a year ago, helping to boost total revenue for the company by 5.8%. Scholastic cut its net loss to $9.0 million in the quarter, from $22.1 million in the third period of fiscal 2015.
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Coloring Books Drive Big Adult Trade Sales Gain
The adult coloring book boom helped push trade sales up 9.5% in November compared to the same period in 2014. Sales for trade paperbacks, the format of choice for coloring books, were up 31%.
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Penguin Random House Reports Record Profits in 2015
Helped by savings from the further integration of Penguin and Random House, earnings at the world's biggest publisher rose 23.2% last year. 'Girl on the Train' and 'Grey' were among the house's top selling global titles.
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Coloring Books, Children's Boost Quarto 2015 Results
Revenue at Quarto Group rose 6% in 2015, to $182.2 million. Revenue in Quarto's children's division jumped 41%, with sales of adult coloring books particularly strong.
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In 2015 Results, Regnery Records First Loss in Six Years
With sales at the conservative press down last year, Regnery is trying to diversify its list and lessen its dependence on frontlist political books.
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Lagardere Publishing Earnings Inched Ahead in 2015
Lagardere reported that EBIT rose by 1 million euros in 2015 over 2014, to 198 million euros, in its publishing division.
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B&N Education Takes $12 Million Charge In Digital Revamp
Barnes & Noble Education is closing its Yuzu educational platform and replacing it with a longterm deal with VitalSource and the purchase of LoudCloud, a digital platform and analytics provider.
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Barnes & Noble Stock Gains in February; Amazon Drops
The Publishers Weekly Stock Index fell 3.6% overall, with declining share prices for Amazon and News Corp. offsetting gains elsewhere.
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B&N Gets Ready For Its Next Act
Cutting Nook, revamping bn.com, and opening concept stores are priorities for fiscal 2017.
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With Earnings Up in Q3, B&N States Plan to Open New Concept Stores
Although revenue at Barnes & Noble fell 1.8% in the third quarter, net income increased 11.2%. While delivering its latest earnings report, the retailer also said it is planning to open four new concept stores by April 2017.
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E-book Sales Tumbled in October
Sales of adult e-books dropped 22.0% in the month, compared to same period last year, according to figures released by the Association of American Publishers through its StatShot program.
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Profits Jump at Penguin Random House
Pearson reported that its share of adjusted operating profit from Penguin Random House rose 30% in 2015 over 2014, hitting 90 million pounds from 69 million pounds in 2014.
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HMH Trade Sales Up, But Loss Widens
Revenue in Houghton Mifflin Harcourt Trade division rose 1%, to $164.9 million, in 2015, but its net loss increased to $7.1 million from $2.9 million in 2014.
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