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Amazon Profits Soar Again, Despite Disappointing Sales
Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago.
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Adult Group Drives Sales Gain at Bloomsbury
In the six month period ended August 31, 2018 revenue in Bloomsbury's adult group rose 22% over the comparable period in fiscal 2018, offsetting a 2% decline in sales in the children's division.
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Trade Segments Had Good August
Sales of adult books rose 5.2% in August over August 2017 and sales in the children's/young adult category increased 7.5% over last August, according to AAP's StatShot program.
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EDC Q2 Profits Jump on Small Sales Gain
Educational Development Corp.’s rapid revenue growth stalled in the second quarter ended August 31, 2018, but the company still posted earnings growth of nearly 44%.
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Bookstore Sales Slipped 1.2% in August
After a number of months of sales gains, revenue at that nation's bookstores fell 1.2% in August compared to a year ago, according to preliminary estimates released by the U.S. Census Bureau.
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Trade Leads Q1 Sales at Scholastic
Scholastic revenue rose 15% in the quarter ended August 31, driven by a 40% increase in its children's book and distribution group where trade sales jumped 26%. Sales also benefited from an accounting change.
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July Trade Sales Rise
According to figures from the AAP’s StatShot program, sales of adult books rose 11.1% in July over a year ago, while sales in the children’s/ya segment increased 10.3%.
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Quarto to Close Minneapolis Office
Quarto Group said that as part of a companywide cost cutting program, it is shutting its Minneapolis office and closing its Voyageur Press imprint. The Cool Springs and Motorbooks imprints are continuing.
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Industry Sales Dipped 1.4% in First Half of 2018
The 2018 sales decline was mainly due to a 13.6% drop in sales in the K-12 instructional materials segment. The two main consumer categories had gains with adult book sales up 4.2% and children’s/young adult sales inching up 0.3% over the first half of 2017.
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Earnings Rose 23% at Wiley in Q1
Operating income rose 23.5% at John Wiley for the quarter ended July 31, over the comparable period a year ago.
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A Mixed Six Months for Large Trade Houses
The first six months of 2018 proved to be a mixed period for the five large trade publishers that report their financial results.
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Sales, Earnings Drop in First Half of 2018 at PRH
Revenue fell 3.3% in the first half of 2018 compared to a year ago at Penguin Random House, and earnings dropped 17%. The decline was attributed mainly to the negative impact of foreign exchange rates.
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B&N Education Sales Fall 5% in Q1, Loss Up Slightly
Barnes & Noble Education reported that revenue in the first quarter, ended July 28, fell to $337.5 million, down from $355.7 million a year ago.
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HC Posts Big Earnings Gain in Fiscal 2018
Capped by a blowout fourth quarter, HarperCollins reported that earnings for the fiscal year ended June 30, 2018 rose 23% over fiscal 2017, to $244 million. The earnings jump came on a 7% revenue rise, to $1.76 billion.
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Regnery Has Big Q2
Second quarter sales at Regnery rose 16.7% over 2017, but softness in Salem Media's self-publishing unit led to a 9% decline in total revenue at Salem's publishing division in the second period.
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S&S Posts Gains in Sales, Profits in Q2
Second quarter sales rose by $1 million at Simon & Schuster, and earnings increased by $2 million. Parent company CBS did not address sexual harassment charges against CEO Les Moonves in the conference call discussing results.
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HMH Trade Sales Down 15% in Q2
With sales of backlist and frontlist titles down, as well as a drop in e-book sales, revenue in HMH's trade division fell 15% In the second quarter ended June 30.
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Publishing Sales Rise 5.5% in First Four Months of 2018
Book publishing revenue increased 5.5% in the January to April period over the same period in 2017, according to figures released by the AAP as part of its StatShot statistics program. The year-to-date gains include a 4.4% sales increase in April over April 2017.
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HBG Posts Gains in Sales and Earnings in First half of 2018
Revenue in the first half of 2018 rose 1.4% over the comparable period in 2017 at the Hachette Book Group, parent company Lagardère reported, and profits rose by an unspecified amount.
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Amazon Profits Soar
For the quarter ended June 30, 2018, operating income at Amazon increased to $3.0 billion, compared with operating income of $628 million in the second quarter of 2017.
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