logo
Share SHARE
FONT-SIZE Plus   Neg

Houghton Mifflin Q1 Loss Widens, Reiterates Full-Year Outlook - Quick Facts

Houghton Mifflin Harcourt Co. (HMHC) Thursday reported a wider net loss for the first quarter. The company, however, reaffirmed its guidance for 2014.

For the three months to March, net loss widened to $146.33 million or $1.05 per share, from $137.38 million or $0.98 per share a year earlier.

On average, 7 analysts polled by Thomson-Reuters estimated the company's loss to be $0.86 for the quarter. Analysts' estimates typically exclude one-time items.

Adjusted EBITDA loss stood at $53.19 million, compared with a loss of $32.44 million a year ago.

Net sales for the period declined to $153.93 million from $166.59 million in the same quarter last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French real estate company Unibail-Rodamco SE Tuesday announced that it has entered into an agreement to acquire Australian shopping centre group Westfield Corp. in a deal that implies an enterprise value of $24.7 billion. The deal is expected to create the world's premier developer and operator of flagship shopping destinations with 61.1 billion euros or $72.2 billion of Gross Market Value. Aerospace and defense major Boeing's shares increased in the extended trading on Monday after the company announced a 20 percent increase in quarterly dividend and also boosted its share repurchase program to $18 billion, citing its strong and growing cash flow. Checkout the companies that are expected to release quarterly financial results on Tuesday, December 12, 2017. * ARWR to benefit from collaboration agreement with Amgen * Demand for PoS software, PaaS technologies to propel PAY Q4
comments powered by Disqus
Follow RTT