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

Houghton Mifflin Harcourt Co (HMHC) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $-0.06. The company posted revenue of $392.04 million in the period, compared to analysts expectations of $430.71 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on Houghton Mifflin Harcourt Co. Houghton Mifflin Harcourt Co was Upgraded by Goldman to ” Buy” on Aug 1, 2016.

Houghton Mifflin Harcourt Co closed down -0.2 points or -1.15% at $17.18 with 8,07,287 shares getting traded on Tusday. Post opening the session at $17.37, the shares hit an intraday low of $17.13 and an intraday high of $17.405 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 4, 2016, John Dragoon (officer ) sold 25,000 shares at $20.41 per share price. According to the SEC, on May 4, 2016, Mary Johanna Cullinane (officer ) sold 15,000 shares at $20.29 per share price. On May 2, 2016, Linda Kay Zecher (director officer ) sold 4,984 shares at $21.02 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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