Coming after its January trading statement/profit warning (please refer to our 19 January Latest), Pearson has just announced FY16 OP and EPS slightly ahead of its previous guidance. As expected, sales were down 8% on an underlying basis to £4,552m (AV: £4,407m) mainly impacted by the weakness in North American higher education courseware. The FY16 adjusted OP reached £635m (-21%) compared to AV’s at £630m, and the adjusted EPS declined by 16% to 58.8p versus a 5
24 Feb 2017
Adapting to its market's structural changes
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Adapting to its market's structural changes
Pearson PLC (PSON:LON) | 993 -103.3 (-1.0%) | Mkt Cap: 6,738m
- Published:
24 Feb 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
Coming after its January trading statement/profit warning (please refer to our 19 January Latest), Pearson has just announced FY16 OP and EPS slightly ahead of its previous guidance. As expected, sales were down 8% on an underlying basis to £4,552m (AV: £4,407m) mainly impacted by the weakness in North American higher education courseware. The FY16 adjusted OP reached £635m (-21%) compared to AV’s at £630m, and the adjusted EPS declined by 16% to 58.8p versus a 5