John Wiley Shares Edge Lower Pre-Bell as FY18 Guidance Misses Street View

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John Wiley and Sons (JWA) (JWB) shares inched lower in premarket trading on Wednesday after the provider of knowledge-enabled services reaffirmed its downbeat guidance for the current fiscal year.

Shares fell as much as 0.3%.

The company reaffirmed its FY18 adjusted EPS guidance of $3.01 and revenue guidance of $1.72 billion. One analyst had predicted EPS of $3.12 and revenue of $1.74 billion, according to Capital IQ data.

For fiscal Q2 ended Oct. 31, the company reported adjusted EPS increased 22% to $1.03, topping the $0.82 average estimate of analysts surveyed by Capital IQ, if comparable

Fiscal Q2 revenue increased 6% to $452 million, also surpassing the analyst consensus of $428.8 million.

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This article appears in: Investing , ETFs
Referenced Symbols: JW.A

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