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Cambridge University Press Reports Solid FY 2013 Results
Cambridge University Press has released its annual report for fiscal 2013, reporting its 11th straight year of sales growth, with digital development leading the way.
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Sales, Earnings Drop at Harlequin in Third Quarter
Third quarter revenue at Harlequin fell 7.1%, to C$107.8 million, and operating earnings declined to C$14.1 million from C$18.8 million in the comparable period in 2012.
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Perseus Posts 'Strong' Fiscal 2013 Results
The Perseus Books Group had “strong” financial results for the fiscal year ended June 30, 2013, results which “surpassed our budgeted goals,” company CEO David Steinberger wrote to Perseus' 675 employees.
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Industry Stocks: October Performances
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HMH to Raise $292 Million in IPO
Houghton Mifflin Harcourt announced this morning that it is moving forward with an Initial Public Offering through which it could raise up to $292 million.
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Chegg Looks to Raise $172.5 Million
Chegg, which offers textbooks for rent and other online services to college students, is looking to raise $172.5 million in its Initial Public Offering.
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Amazon Has Big Sales Gain, Small Loss
Total revenue at Amazon increased 24%, to $17.09 billion, in the third quarter of 2013 while its operating loss was $25 million, down from $28 million in the third quarter of 2012.
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Six-Month Results Up at Bloomsbury
With sales up in all its major segments, total revenue rose 13% for the first half of 2013, to 49.2 million pounds, at Bloomsbury Publishing.
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Sales Up, Earnings Down at EDC in Second Quarter
Educational Development Corp. reported that revenue for the second quarter ended August 31, 2013 rose 4.6%, to $5.7 million, but net earnings in the period fell to $56,400 from $138,200 in the second quarter of fiscal 2013.
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Industry Stocks: September Performances
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Nelson Lifts Sales, Earnings at HC in Fiscal 2013
Sales at rose 15% in the fiscal year ended June 30, 2013 at HarperCollins, parent company News Corp. said in its 10-K filing with the Securities & Exchange Commission. EBITDA jumped 65% over fiscal 2012, to $142 million.
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AAP Monthly StatShot, June 2013
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Adult E-book Sales Post Small Six-Month Increase
According to AAP’s monthly StatShot report, adult e-books rose only 4.8% in the first six months of 2013 compared to the same period in 2012, hitting $647.7 million.
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Scholastic Cuts Loss Despite Sales Drop
Gains in its educational technology group were not enough to offset declines in the children’s book publishing and distribution unit resulting in a 5.8% decline in total sales at Scholastic for the first quarter ended August 31.
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Riggio Addresses B&N Annual Meeting
In his first public appearance since he declined to purchase the B&N retail stores, B&N chair and founder Len Riggio responded to questions on B&N strategy in the wake of continuing Nook device losses and on his no-buy decision during the B&N annual shareholder meeting.
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Wiley Has Earnings Dip on Flat Sales
Sales were flat and operating income fell 9% in the first quarter ended July 31, 2013 at John Wiley.
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Industry Stocks: August Performers
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A Profitable Six Months for Most Publishers
Although the growth of e-book sales has slowed in the first six months of 2013, there were still enough gains to largely mitigate the decline in print sales.
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Profits Rise at RH Despite Sales Decline
Random House parent company Bertelsmann reported this morning that profits at RH rose to 117 million euros from 113 million euros in the first half of 2012 despite a 3.4% sales decline to 915 million euros.
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Sales, Profits Up at Lagardere Publishing
Total sales at Lagardere Publishing rose 1.4% in the first half of 2013, to 917 million euros, while EBIT increased 24.6% to 71 million euros.
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