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Pearson Interim H1 Adjusted Earnings Flat, Revenue Declines; Reaffirms Outlook
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Pearson Interim H1 Adjusted Earnings Flat, Revenue Declines; Reaffirms Outlook
Jul 29, 2024 4:59 AM

07:39 AM EDT, 07/29/2024 (MT Newswires) -- Pearson (PSO) reported H1 interim adjusted earnings Monday of 25.6 pence ($3.29) per share, unchanged from a year earlier.

Revenue for the six months ended June 30 was 1.75 billion pounds compared with 1.88 billion pounds a year earlier.

Pearson reaffirmed its 2024 sales growth, adjusted operating profit, and tax outlook.

The educational publishing company also said it continues to expect a mid-single digit compound annual growth rate in underlying sales from 2022 to 2025, excluding OPM and strategic review businesses, and remains on track to reach its adjusted operating profit margin guidance of 16-17%.

Pearson shares were 0.4% higher in US premarket trading.

Price: 13.49, Change: +0.05, Percent Change: +0.37

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