Reporting its 9-month trading statement, Pearson showed underlying consolidated sales down 2% (after +1% for H1 17; up 4% on a reported basis), within what remain challenging markets (namely due to the expected declines in assessment revenues in the US and UK). The 9-month North American underlying sales declined by 4% (hurt by expected contract losses in school assessment) but sales in US higher education courseware declined by only 1% on an underlying basis, i.e. slightly better than expect
17 Oct 2017
At last some progress
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At last some progress
Pearson PLC (PSON:LON) | 1,005 -115.6 (-1.1%) | Mkt Cap: 6,822m
- Published:
17 Oct 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
Reporting its 9-month trading statement, Pearson showed underlying consolidated sales down 2% (after +1% for H1 17; up 4% on a reported basis), within what remain challenging markets (namely due to the expected declines in assessment revenues in the US and UK). The 9-month North American underlying sales declined by 4% (hurt by expected contract losses in school assessment) but sales in US higher education courseware declined by only 1% on an underlying basis, i.e. slightly better than expect