Houghton Mifflin Harcourt (HMHC) Misses Q1 EPS by 17c

Houghton Mifflin Harcourt (NASDAQ: HMHC) reported Q1 EPS of ($1.34), $0.17 worse than the analyst estimate of ($1.17). Revenue for the quarter came in at $206 million versus the consensus estimate of $198.74 million.

In the first quarter, HMH launched the HMH Marketplace (beta), an online destination for educators and developers to locate and purchase supplemental classroom learning tools. At launch, HMH Marketplace housed more than 3,000 educational resources. In the short time since its debut, the platform has demonstrated a favorable conversion rate and a 65% increase in the number of sellers.

For earnings history and earnings-related data on Houghton Mifflin Harcourt (HMHC) click here.

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