Houghton Mifflin Harcourt Co (HMHC) Releases Earnings Results, Misses Expectations By $-0.17 EPS

Houghton Mifflin Harcourt Co (HMHC) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-1.34 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $-1.17. The company posted revenue of $205.82 million in the period, compared to analysts expectations of $198.74 million. The company’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.12 EPS.

Houghton Mifflin Harcourt Co opened for trading at $20.52 and hit $20.77 on the upside on Monday, eventually ending the session at $20.66, with a gain of 0.73% or 0.15 points. The heightened volatility saw the trading volume jump to 5,03,468 shares. Company has a market cap of $2,552 M.

In a different news, on May 2, 2016, Linda Kay Zecher (director officer ) sold 4,984 shares at $21.02 per share price. According to the SEC, on Apr 28, 2016, Timothy Lon Cannon (officer ) sold 15,000 shares at $20.62 per share price. On Apr 28, 2016, Brook Mickey Colangelo (officer ) sold 4,167 shares at $20.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Houghton Mifflin Harcourt Company (HMH) is a global learning company specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content services and technology to both educational institutions and consumers in more than 150 countries across the world. In the United States the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George Carmen Sandiego The Oregon Trail The Little Prince The Lord of the Rings Life of Pi Webster’s New World Dictionary and Cliffs Notes.

Houghton Mifflin Harcourt Co

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