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John Wiley Slips To Loss In Q2; Backs FY24 Outlook
(RTTNews) - John Wiley & Sons, Inc. (WLY, WLYB) reported Wednesday a net loss for the second quarter of $19.45 million or $0.35 per share, compared to net income of $38.19 million or $0.68 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $0.73 per share, compared to $1.02 per share in the year-ago quarter.
Revenue for the quarter declined 4 percent to $492.81 million from $514.84 million in the same quarter last year. Adjusted revenue was down 1 percent to $406.61 million.
Looking ahead to fiscal 2024, the company still projects adjusted earnings in a range of $2.05 to $2.40 per share on adjusted revenues between $1.58 billion and $1.63 billion.
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