Houghton Mifflin Harcourt (HMHC) Misses Q2 EPS by 14c, Revenues Miss

Houghton Mifflin Harcourt (NASDAQ: HMHC) reported Q2 EPS of ($0.19), $0.14 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $376 million versus the consensus estimate of $386.2 million.

"As we head into the third quarter, which is historically the busiest quarter in HMH\'s selling season, we are encouraged by our results for the first half of 2018," said Jack Lynch, Chief Executive Officer of HMH. "Despite a trough year in the market, HMH is performing well in new adoption opportunities and delivering strong growth in our Extensions businesses."

Joe Abbott, Chief Financial Officer of HMH added, "We remain on track to deliver against the targets we set at the start of the year and have reaffirmed our fiscal year 2018 outlook. We have submitted our next generation core programs for evaluation in all three of next year's large state adoptions, an important milestone as we execute on our strategy."

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

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