11:20 AM EST, 03/07/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

John Wiley & Sons ( WLY ) shares were up more than 9% in recent trading on Thursday following its fiscal Q3 results.

Earlier, the company reported fiscal Q3 adjusted earnings of $0.59 per diluted share, down from $0.81 a year earlier.

An analyst polled by Capital IQ expected $0.45.

Revenue for the quarter ended Jan. 31 was $460.7 million, down from $491.4 million a year earlier.

An analyst polled by Capital IQ expected $392.6 million.

For fiscal year 2024, the company said it now expects adjusted EPS to be from $2.45 to $2.65, higher than its previous outlook of $2.05 to $2.40. An analyst surveyed by Capital IQ is expecting $2.25.

Price: 36.36, Change: +3.24, Percent Change: +9.78