McGraw-Hill Companies Inc. (MHP) reported that its fourth-quarter net income attributable to the company was $167.29 million or $0.53 per share, compared to $115.92 million or $0.37 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share for the quarter. Analysts' estimates typically exclude special items.
Fourth quarter earnings per share in 2009 included a pre-tax gain of $10.5 million, or $0.02 per share from the divestiture of BusinessWeek in December. In the fourth quarter of 2008, diluted earnings per share included a pre-tax restructuring charge of $26.3 million or $0.05 per diluted share.
Revenue increased 3.3% to $1.46 billion, from $1.42 billion in the year ago quarter. Five analysts had consensus revenue estimate of $1.40 billion for the quarter.
The company expects earnings per share of $2.55 to $2.65 in 2010. Analysts expect the company to report earnings of $2.56 per share for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.