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Amazon Q2 Results: 20% Revenue Jump, Smaller Profit Increase
The tech giant had second quarter revenue of $63 billion, while net income rose to $2.6 billion from $2.5 billion in last year's second quarter.
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Sales Dipped, Profits Rose in First Six Months at HBG
Revenue at Hachette Book Group fell 1.5% in the first half of 2019 compared to a year ago, but profits were up.
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Scholastic's Earnings Take Big Hit in Fiscal 2019
Scholastic cited a host of factors for a 55% decline in operating income in the fiscal year ended May 31, 2019. Revenue rose 2% in the year.
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EDC Has First Quarter Decline in Sales and Earnings
Total revenue at Educational Development Corp. dropped 8% in the first quarter of fiscal 2020, to $27.6 million, from the comparable period a year ago. Earnings, meanwhile, fell from $1.8 million a year ago to $1.3 million.
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Audiobook Sales Jumped 24% in 2018
Publishers’ sales of audiobooks rose 24.5% in 2018 over 2019, reaching $940 million, according to the recent sales survey sponsored by the Audio Publishers Association. Digital audio accounted for 91% of sales.
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Print Units Fell 1.9% in the First Half of 2019
With print unit sales of adult fiction falling 5.1% in the first half of 2019 compared to the same period in 2018, overall units dropped 1.9% in the period.
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AAP: Adult Sales Dipped in April, Rose for Kids'
Sales of adult trade books fell 4.4% in April. Despite the decline, adult trade sales were up 0.5% over the first four months of 2018. In the children/young adult category, April sales increased 6.7% and were up 9.1% over the first four months of 2018.
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B&N Education Grapples with Changing College Market
Sales at Barnes & Noble Education fell 7.7% in the fiscal year ended April 27, 2019 compared to fiscal 2018 as the company continue to shift its business model to one that relies more heavily on digital delivery of content.
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Industry Sales Fell 1.6% in 2018
The AAP, in its annual report, found that, in 2018, sales declines in the education and professional segments offset gains in trade, resulting in a 1.6% drop in total revenue for the year.
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Book Comps Fell 3.9% at B&N in Fiscal 2019
In its 10-K filing with the SEC, Barnes & Noble reported that comparable store sales of books fell 3.9% in fiscal 2019 compared to fiscal 2018. Non-book categories did better, with comp sales up 1.9%.
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B&N Posts a Profit in Fiscal 2019 Despite Sales Decline
The bookseller managed to post net income of $3.8 million for the fiscal year ended April 27, compared to a loss of $125.5 million in fiscal 2018, despite a 3.0% revenue decline compared to its last fiscal year.
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Adult Trade, Kids' Sales Up in First Quarter
Sales of adult trade books rose 2.4% in the first quarter of 2019, over the comparable period in 2018, while sales in the children/young adult category increased 9.7%.
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Wiley Has Lackluster Fiscal 2019 Results
A 7% sales decline in its publishing business offset gains in John Wiley's solutions division and a small gain in research, leading to a 1% sales increase in fiscal 2019 over 2018. Operating income fell 3%.
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Fiscal 2019 Results Up Educational Development Corp.
Net earnings rose 28.1% at EDC in the year ended February 28, 2019, over fiscal 2018, while sales increased 6.1%.
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Scholastic Lowers Revenue, Profit Forecast for Fiscal 2019
Citing issues in its book fair and book club businesses in the fourth quarter ended May 31, 2019, Scholastic said it expects sales and earnings for fiscal 2019 to be below previous forecasts.
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Sales, Earnings Up at Bloomsbury in Fiscal 2019
Strong revenue gains in the U.K. publisher's academic and professional division offset declines in its children's trade group.
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Earnings Jumped 29% in Q3 at HarperCollins
Strong sales of Christian books, backlist titles, and downloadable audiobooks led to a 29% increase in earnings at HarperCollins in the quarter ended March 31, 2019, over the comparable period last year.
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Trade Sales, Earnings Up in Q1 at HMH
Led by higher licensing revenue, sales at HMH Books & Media rose 11.2% in the first quarter of 2019 over the comparable period in 2018. Sales of print books fell in the quarter.
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HBG Has Q1 Sales Gain
Revenue at Hachette Book Group rose 3.3% in the first quarter ended March 31, 2019, over the comparable period in 2018.
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Operating Income Soars at Amazon
The e-tailer's operating income jumped in the first quarter of 2019, rising to $4.4 billion, from $1.9 billion, in the first period of 2018.
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