logo
Share SHARE
FONT-SIZE Plus   Neg

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) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Teens and young adults now find Instagram and Snapchat more attractive than Facebook, a new study by eMarketer revealed. The report also suggested that for the first time, Snapchat might overtake Facebook in the U.S. by gaining a marketshare of 40.8 percent in social network. A new survey has shown that a majority of parents as well as teens agree that texting or use of cell phones are the biggest distraction to teen drivers. The survey also found that risky driving behavior seems to run in the family. The 2017 Family Safe Driving Report was released by EverQuote Inc., a venture-backed online insurance marketplace. Less than two months after its debut on the New York Stock Exchange, embattled meal-kit delivery company Blue Apron Holdings Inc. has been hit with multiple shareholder lawsuits for its "misleading" and "untrue" statements in its IPO prospectus. The various lawsuits mirror each other in their allegations against Blue Apron, its CEO, CFO, directors and the underwriters of its IPO.
comments powered by Disqus
Follow RTT