(Adds Outlook)
John Wiley & Sons, Inc. (WLY) has revised up its annual earnings guidance. Matthew Kissner, Interim President and CEO of Wiley, said: "We've moved decisively on our improvement and optimization plans and expect a strong fourth quarter as Research continues to recover, Learning continues to outperform, and in-year cost savings accelerate."
For the full year, the company now expects adjusted income per share of $2.45 to $2.65 against previous outlook of $2.05 to $2.40.
Excluding items, EBITDA now projected to be in the range of $335 million to $355 million, higher than previous expectation of $305 million to $330 million.
WLY now expects adjusted revenue in the mid-to-high end of range against previous guidance of $1.580 billion to $1.630 billion.
WLY was trading up by 2.23 percent at $33.86 in the pre-market trade on the New York Stock Exchange.
For the third quarter, John Wiley & Sons reported Loss that increased from last year
The company's earnings totaled -$113.875 million, or -$2.08 per share. This compares with -$71.469 million, or -$1.29 per share, in last year's third quarter.
The company's revenue for the quarter fell 6.2% to $460.705 million from $491.368 million last year.
John Wiley & Sons Inc. earnings at a glance (GAAP) :
-Earnings (Q3): -$113.875 Mln. vs. -$71.469 Mln. last year.-EPS (Q3): -$2.08 vs. -$1.29 last year.-Revenue (Q3): $460.705 Mln vs. $491.368 Mln last year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.