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Wiley Overcomes Soft Publishing Results to Finish FY18 Strong
Revenue fell 2% in John Wiley's publishing division in the fiscal year ended April 30, compared to fiscal 2017. However, increases in the company's other two groups led to a 5% increase in sales and a 16% gain in earnings for the entire company.
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Industry Stocks: May 2018 Performances
May was a quiet month for both the stock market and the Publishers Weekly Stock Index.
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Trade Segments Post Solid First Quarter Gains
Sales of adult trade books rose 5.2% in the first quarter of 2018 over the comparable period in 2017, according to preliminary estimates released by the AAP. Sales in the children's/young adult segment increased 5.9% over last year's first quarter.
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Fiscal 2018 Earnings Jump 82% at Educational Development Corp.
The big jump in profits came on a 6% increase in sales, with revenue reaching $112 million.
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After Strong Fiscal '18, Bloomsbury Sees Better Year Ahead
A 20% increase in its consumer group contributed to double-digit gains in sales and earnings at Bloomsbury for 2018. The U.K. house has ambitious plans for the current year, including an acceleration of its growth in the U.S.
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HBG Has 5.4% Sales Gain in Q1
Revenue at Hachette Book Group rose 5.4% in the first quarter ended March 31, 2018, over the comparable period last year, parent company Lagardère reported. Total sales for the Lagardère publishing group increased 0.4%, to 442 million euros.
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Sales, Earnings Up at HarperCollins
Strong backlist and digital audio sales led to a 6% increase in revenue in the quarter ended March 30, 2018 over the comparable period a year ago at HarperCollins and earnings rose 16%.
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Slowdown in Self-Publishing Drops Publishing Revenue at Salem
First quarter revenue fell 7.6% in Salem Media Group's publishing division which it attributed to a slowdown in author acquisitions in its self-publishing business.
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Thanks to Downloadable Audio, Publishers See Small Revenue Gain in 2017
Revenue from the more than 1,200 publishers who report sales to the AAP increased 0.4% in 2017 over 2016, rising from $14.65 billion in 2016 to $14.70 billion last year.
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Hudson Breaks Even in Q1
In its first quarterly filing since it went public earlier this year, the Hudson Group, parent company of Hudson Booksellers, said revenue rose 9.2% in the first quarter ended March 31.
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HMH Trade Has Small Q1 Sales Gain
HMH attributed the sales rise in the first quarter of 2018 in part to higher print titles sales, but a change in the product mix of sales—last year HMH sold lots of 'The Handmaid's Tale' and '1984' e-books—contributed to a slight rise in the quarterly net loss.
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Industry Stocks: April 2018 Performances
Although the stock market went through some wild gyrations in April, the Dow Jones Industrial Average finished the month only 2.5% higher than the start of April.
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S&S Has Earnings Gain in Q1
A 43% increase in digital audio sales in the first quarter of 2018 helped lift earnings 7% at Simon & Schuster over the first period in 2017.
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Amazon Reports Strong 2018 Q1
Even with sales in its online store rising only 18% in the first quarter of 2018 over the comparable period in 2017, total revenue at the company jumped 43% and earnings soared 92%.
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Trade Sales Fell in November
Sales in the adult trade segment fell 2.2% in November 2017 compared to a year ago, but were still up 2.9% in the first 11 months of the year. Children's/YA sales were down 8.2% in November and fell 3.0% for the first 11 months of the year.
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Sales, Earnings Drop at Quarto
Sales at the Quarto Group fell less than 1% in 2017 compared to 2016, and profit fell more substantially, declining 57.6% to $7.2 million.
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PRH Has Stable 2017
The negative impact of exchange rates led to a 3% decline in earnings at Penguin Random House last year compared to 2016, while acquisitions offset the impact of exchange rates on the top line.
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Scholastic Q3 Results 'On Track'
Sales at Scholastic rose in the third quarter over the comparable period a year ago, but higher investments and one-time charges led to a higher loss in the quarter. Still, the company raised its earnings per share forecast for the year.
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Regnery Posts Small Gains in 2017
Regnery Publishing had a small gain in sales and earnings in 2017 over 2016, but publisher Marji Ross said that with Sean Spicer's book set for release this summer the company is poised for a strong 2018.
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HBG Sales Rose 2.7% in 2017
Contributions from Perseus and its Nashville-based imprints helped lift sales at Hachette Book Group to about $761 million in 2017. Earnings also rose in the year.
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