John Wiley & Sons (JW-A, JW-B), a research and learning company, reported lower adjusted earnings for fiscal Q3 versus last year, due to favorable tax credits in the year-earlier period.
Adjusted EPS decreased to $0.87, in the three months ended Jan. 31, from $0.89 in the year-earlier period. The prior-year period had $0.12 per share favorable tax credits. Analysts had projected EPS of $0.82, according to Capital IQ data. It was not clear whether the figures were comparable.
Q3 revenue increased 4% to $455.7 million, topping the analyst consensus of $443.1 million.
For FY18, the company anticipates revenue to be approximately even compared to the $1.72 billion reported in FY17, and adjusted EPS to be in the range of a low-single digit percentage and a decline, compared to the $3.01 adjusted EPS reported in FY17. Analysts are expecting FY18 EPS of $3.27 and $1.76 billion in revenue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
