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Stock impact report

Pearson +3.7% amid return to underlying profit growth [Seeking Alpha]

Pearson, Plc (PSO) 
Company Research Source: Seeking Alpha
Pearson (NYSE: PSO ) has in U.S. trading after earnings where it pursued a turnaround amid new demand for digital courseware in the United States. Sales (seasonally weak in the first half, with 80% coming in H2) were up 2% in underlying terms. North American gained 3%. That was driven mainly by U.S. higher education courseware, Online Program Management, Connections Academy, Professional Certification and the Pearson Test of English Academic. Meanwhile, adjusted operating underlying profit grew 46%. And net debt was trimmed to £775M from a year-ago £1.63B. It was up in typical seasonality from £432M at the end of 2017. Earnings call slides Press release See all stocks on the move » Now read: Pearson plc 2018 Q2 - Results - Earnings Call Slides » Subscribe for full text news in your inbox Show less Read more
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