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

4/24/2012 7:27 AM ET

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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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