John Wiley & Sons Inc. (JWA) a provider of content and content enabled digital services, Thursday reported lower profit for the third quarter, which it attributed mainly to a tax benefit enjoyed for the corresponding period last year. Adjusted earnings per share however, were well above analyst expectations. The company further said its guidance for the full-year is unchanged on an operating basis. Also, as part of the implementation of the restructuring program announced earlier, the firm expects to record a charge of approximately $25 million in the fourth quarter.
For the period, the firm posted net earnings of $57.1 million, down from $62.9 million last year. On a per share basis earnings for the quarter slipped to $0.95 from $1.03 a year back.
Adjusted for operational results of divested consumer programs, the company posted earnings per share of $0.93 for the quarter.
Two analysts on average polled by Thomson Reuters estimated earnings per share of $0.83 for the quarter. Analysts estimates typically exclude one-time items.
Income tax expense for the reporting period was $21.89 million versus $13.01 million last year. The company further enjoyed a tax benefit of $8 million for the comparable prior-year period.
Revenue for the quarter however, rose to $472.43 million from $451.11 million last year, and was above consensus estimate of $455.95 million.
Looking forward, the firm said it still expects full-year earnings per share of approximately $2.95 to $3.05. Street is currently looking for earnings per share of $2.98 for the full fiscal year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.