Houghton Mifflin Harcourt (HMHC) Reports Q2 Loss Per Share of 23c

Houghton Mifflin Harcourt (NASDAQ: HMHC) reported Q2 EPS of ($0.23), $0.21 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $392 million versus the consensus estimate of $431.29 million.

GUIDANCE:

Houghton Mifflin Harcourt sees FY2016 revenue of $1.485-1.555 billion, versus the consensus of $1.54 billion.

• The lower ranges are primarily due to a reduction in the expected 2016 new adoption market opportunity and lower than expected growth in the first full year of ownership of the acquired EdTech1 business.

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

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