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Sales of Adult Trade Up, Kids Down Through September
Sales of adult trade books rose 2.9% in the first nine months of 2015, according to figures released by the AAP. Sales in the children’s/young adult segment for the nine-month period were down 7.4%, but slipped only 0.6% in September.
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Scholastic Terminates 'Dutch Auction'
The slumping stock market has led Scholastic to cancel its “Dutch auction” in which it planned to buy up to $200 million of its common stock from shareholders.
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EDC Touts Another Record-Breaking Quarter
Earnings jumped 139% in the third quarter at the publisher, with profits hitting $1.2 million and revenue rising to $24.4 million.
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Amazon, EDC Drive Big Jump in Publishing Industry Stocks
The Publishers Weekly Stock Index jumped 59.2% in 2015 over 2014, propelled in part by a huge boost from Amazon.
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Print Books Having Good Finish to Solid Year
The book business looks ready to mark a second consecutive year of unit growth of print books. With one week to go in the year, unit sales of print books were up 2.8% compared to the same period in 2014.
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AAP Reports Trade Sales Down in August
Sales fell 11.3% in the adult books segment compared to August 2014 and sales in the children's/young adult category dropped 5.8%, according to AAP's monthly StatShot report.
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Scholastic Second Quarter Results Fall
The negative impact of foreign exchange was a key factor in dropping revenue at Scholastic in Q2. For the period ended November 30, compared to the same stretch a year ago, revenue fell to $601.8 million, down from $611.1 million.
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Earnings Down at B&N Education on Small Sales Gain
Second quarter net income fell 9.5% at Barnes & Noble Education on a 0.6% increase in revenue. Comp sales fell 3.0%.
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Bad Quarter for Wiley
Revenue at John Wiley dropped 9%, to $433.4 million, in the second quarter ended October 31, 2015, and net income decreased 19%, to $43.6 million.
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Sales at BN.com Fell 22%
Due in part to problems with its relaunch in the summer, sales at BN.com fell 22% in the second quarter of fiscal 2016 compared to the same period in fiscal 2015, Barnes & Noble reported.
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Industry Stocks: November Performances
With seven of the 13 companies on the Publishers Weekly Stock Index posting increases in their stock price in November, the PWSI rose 4.7% in the month, easily beating the gain in the Dow Jones Industrial Average which had only a 0.3% increase.
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B&N Reports Disappointing Second Quarter
Total sales fell 4.5% at Barnes & Noble in the second quarter ended Oct. 31, 2015 compared to the same period last year and the net loss from continuing operations rose to $27.2 million from $5.1 million.
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Sales, Losses Inch Up at Books-A-Million
Led by adult coloring books, third quarter sales at Books-A-Million rose 0.4%, but the loss increased to $7.1 million from $6.9 million in last year's third period.
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Trade Sales Up in July
Sales from reporting publishers to AAP's StatShot program increased 10.9% in the month compared to July 2014 in the adult book category, while sales in the children’s/young adult segment rose 11.5%.
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Soft E-book Sales Underscore Down HBG Results
Revenue at Hachette Book Group USA fell 4.2% in the third quarter of 2015. Parent company Lagardere blamed the drop in part on lower e-book sales and a stronger publication schedule in the same period in 2014.
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Q3 Down at HMH Trade Group
Sales at Houghton Mifflin Harcourt’s trade publishing division fell 7% in the third quarter ended September 30, 2015 and net income dropped to $164,000 from $3.5 million in the third quarter of 2014.
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Earnings Tumble at HarperCollins
Lower e-book sales were the major factor in the publisher's rough financial quarter, which ended September 30. In the period, HC saw its EBITDA drop by 24%. Although sale rose slightly, they would have been down without the purchase of Harlequin.
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Sales, Earnings Up at Simon & Schuster
Revenue at the Big Five house increased 2% in the third quarter, rising to $203 million. Bestselling adult titles in the quarter included 'The Survivor' by Vince Flynn and Kyle Mills, and this year's Pulitzer Prize-winner for fiction, Anthony Doerr's 'All the Light We Cannot See.'
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Six Months Sales Up at Bloomsbury, But Earnings Dip
Revenue at Bloomsbury Publishing rose 13% in the six months ended August 31, 2015 compared to the same period a year ago, but pretax profit dipped to £342,000 from £509,000.
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Amazon Beats Third Quarter Estimates
Amazon did better than analysts had been expecting in the third quarter, posting net income of $79 million while total sales jumped 23% to $25.4 billion.
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