Pearson just produced a disappointing 9 months 2015 trading statement with Q3 underlying sales down by 4% (i.e. 9 months revenues declining 2% after H1 15 at +1%). Year-to-date, sales are up only 2% in headline terms. Following the disposal of PowerSchool, FT Group and The Economist Group, as well as considering current forex, management also reduced by approximately 5p its previous FY15e guidance for adjusted EPS of 75-80p to 70-75p, making it at the same time clear that the bottom end of th
21 Oct 2015
Persistent cyclical and policy-related headwinds…
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Persistent cyclical and policy-related headwinds…
Pearson PLC (PSON:LON) | 1,005 -115.6 (-1.1%) | Mkt Cap: 6,822m
- Published:
21 Oct 2015 -
Author:
Véronique Cabioc'h -
Pages:
3
Pearson just produced a disappointing 9 months 2015 trading statement with Q3 underlying sales down by 4% (i.e. 9 months revenues declining 2% after H1 15 at +1%). Year-to-date, sales are up only 2% in headline terms. Following the disposal of PowerSchool, FT Group and The Economist Group, as well as considering current forex, management also reduced by approximately 5p its previous FY15e guidance for adjusted EPS of 75-80p to 70-75p, making it at the same time clear that the bottom end of th