Houghton Mifflin Harcourt (HMHC) Misses Q4 EPS by 9c

Houghton Mifflin Harcourt (NASDAQ: HMHC) reported Q4 EPS of ($0.70), $0.09 worse than the analyst estimate of ($0.61). Revenue for the quarter came in at $249 million versus the consensus estimate of $235.7 million.

2019 Outlook:

HMH expects 2019 billings to be in the range of $1.490 to $1.590 billion. Content development spend for 2019 is expected to be in the range of $100 to $120 million, with total capital expenditures including non-plate capital expenditures in the range of $150 to $170 million

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

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