John Wiley & Sons Q4 Results Top Estimates

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John Wiley & Sons Q4 Results Top Estimates

(RTTNews.com) - John Wiley & Sons Inc. (JW-B, JW-A) reported that its net income for the fourth quarter ended April 30, 2018 increased to $54.06 million or $0.93 per share from $46.68 million or $0.81 per share in the prior year.

Reported results reflected growth in Revenue (+6%), Operating Income (+18%) and earnings per share (+16%), driven by strong operational performance and favorable impacts from foreign currency.

Adjusted earnings per share grew to $0.94 from $0.82 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter rose to $477.25 million from $452.20 million in the prior year. Wall Street expected revenues of $448.95 million.

Looking ahead for fiscal year 2019, the company expects adjusted earnings per share to decline in Mid-single digit compared to $3.43 per share reported in fiscal year 2018. It projects revenue to be even with prior year's $1.796 billion. Wall Street currently is looking for fiscal year 2019 earnings of $3.52 per share on annual revenues of $1.78 billion.

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This article appears in: Fundamental Analysis , Stocks , Earnings

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