John Wiley & Sons (JW-A) Tops Q3 EPS by 5c, Beats on Revenues; FY18 Outlook Reiterated
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Note: EPS may not be comparable
John Wiley & Sons (NYSE: JW-A) reported Q3 EPS of $0.87, $0.05 better than the analyst estimate of $0.82. Revenue for the quarter came in at $455.7 million versus the consensus estimate of $442.78 million.
- Third quarter revenue up 4% to $455.7 million, or down 1% at constant currency
- Third quarter GAAP EPS up 45% to $1.19 primarily due to impact of the US Tax Act; Adjusted EPS down 14% at constant currency
- Year-to-date revenue up 4% to $1,318.9 million, or up 1% at constant currency
- Year-to-date GAAP EPS $2.39 compared to $1.15 in prior year; Adjusted EPS at constant currency up 1%
- Cash Provided by Operations for the nine months of $190.1 million, down from $229.2 million due to the timing of calendar year 2018 journal renewals; Free Cash Flow less Product Development Spending of $80.7 million, down from $119.5 million
- Full year 2018 outlook reaffirmed
For earnings history and earnings-related data on John Wiley & Sons (JW-A) click here.
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