Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade HMHC now with 

Houghton Mifflin Harcourt Co. (HMHC: Quote) 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.

Click here to receive FREE breaking news email alerts for Houghton Mifflin Harcourt Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Pharmaceutical giant Pfizer, Inc., which was aspiring to buy British drug maker AstraZeneca Plc, reported Tuesday a profit for the second quarter that plunged 79 percent from last year, which reflected hefty gains from animal health business sales. Total revenues declined 2 percent, as it continued to be hurt by generic competition for major drugs. Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments.
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.