Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Amended: McGraw-Hill Companies Q1 Profit Up; Backs 2012 Adj. EPS View - Quick Facts

Amended: corrects company name in the headline.

McGraw-Hill Companies (MHP: Quote) reported a rise in first-quarter net income attributable to the company to $123 million or $0.43 per share from $120 million or $0.39 per share in the prior-year quarter.

Revenue for the latest quarter totaled $1.33 billion, up 6% from $1.26 billion a year earlier.

On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.48 on $1.32 billion revenue for the quarter. Analysts' estimates typically exclude one-time items.

Looking forward, the company still sees full-year 2012 adjusted earnings in the range of $3.25 - $3.35 per share, while 8 analysts project 2012 earnings of $3.33 per share.

Click here to receive FREE breaking news email alerts for McGraw-Hill Companies Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Home goods retailer Bed Bath & Beyond Inc. said Tuesday after the markets closed that its second quarter profit fell 10% from last year, as higher costs and expenses more than offset a 4.3% increase in sales. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly sales. At the same time, With lawmakers failing to address corporate tax reform before adjourning for the campaign season, the Treasury Department announced Monday that it is taking targeted action to reduce the tax benefits of corporate tax inversions. Technology giant Apple, Inc. announced Monday it has set a new record for first weekend sales of iPhone 6 and 6 Plus, having breached the 10 million mark within just three days of its sales launch on September 19. Sales came from the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK over the weekend.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.