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Industry Stocks: August Performances
With the Dow Jones Industrial Average almost flat in August, the Publishers Weekly Stock Index fell 1.7% during the month. Only one company on the PWSI, Educational Development Corp., had an increase in its share price.
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Profits at PRH Rise, on Small Sales Gain, in First Half of 2017
Strong print and audio sales at Penguin Random House countered soft e-book sales to increase revenue 1.1% in the first half of the year. Earnings at the publisher rose 11.4%.
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Despite a Lift in Sales, B&NE Sees Losses Jump in Q1
The February 2017 acquisition of MBS was the major driver of a 48.7% jump in sales at Barnes & Noble Education in the quarter ended July 29. The net loss in the period, however, was $34.8 million, up from $27.9 million in fiscal 2017.
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Books Suffer from Potter Curse, Sales Tumble 17%
Unit sales of print books in the week ended Aug. 6, 2017, were down 17% from the similar week in 2016 at outlets that report to NPD BookScan. The decline was due entirely to the release last year at this time of J.K. Rowling’s Harry Potter and the Cursed Child, which sold about 2.5 million copies in its first week.
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HC Profits Rise in Fiscal 2017
Although sales in the fiscal year, ended June 30, fell slightly from fiscal 2016, earnings increased 7.5% to $199 million at HarperCollins.
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Regnery Has Soft Second Quarter
The release in last year's second quarter of Dinesh D'Souza's bestseller 'Hillary's America' made for a difficult comparison for Regnery in this year's quarter, and sales of print books fell $2.4 million.
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Quarto Receives Unsolicited Buy-out Offer
The Quarto Group announced this morning that it has received a takeover offer from an unidentified party that the company’s board believes to be “attractive and reflective of the inherent value of the business.”
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S&S Has 10% Sales Gain in Q2
Second quarter revenue rose 10% at Simon & Schuster in the second quarter of 2017 over the comparable period in 2016, while earnings rose 8%.
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Industry Stocks: July 2017 Performances
Thanks to the request of a new shareholder that the company put itself up for sale, the stock price of Barnes & Noble rose 7.2% in July, the strongest performance of the 10 stocks listed on the Publishers Weekly Stock Index.
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HMH Trade Sales Rose 9.8% in Q2
HMH attributed the improved financial performance to strong frontlist, e-book and backlist sales. The publisher touted, in particular, sales of 'The Handmaid's Tale,' in speaking to its solid backlist and e-book numbers.
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Adult Trade, College Material Sales Up in Q1
The adult trade segment was one of three major publishing categories to have an increase in the first three months of 2017 over 2016. The higher educational course materials segment had the largest gain in the period, with sales up 24.3%, according to the AAP.
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Hachette Sales Up 5% in First Half of 2017
A strong performance by its Nashville-based imprints FaithWords and Center Street helped lift sales 5% at Hachette Book Group in the first half of 2017 over the comparable period in 2016.
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Amazon Suffers Major Earnings Drop in Q2
Increased investment led to a 51% decline in operating income in the second quarter of 2017 compared to the second quarter of 2016, Amazon reported Thursday afternoon.
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Profits Double at EDC
Net earnings at Educational Development Corp. rose to $1.2 million in the quarter ended May 31, 2107 over the comparable period a year ago. Sales were up 20%.
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Scholastic Results Rose in Fiscal 2017
Revenue at the publisher rose 4% in fiscal 2017 over the previous year, and operating income increased 17%. In announcing its latest financial results, the company also unveiled a program called Scholastic 2020, which aims to drive long term improvement in operating income.
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B&N Education Results Rose in Fiscal 2017
The company reported sales of $1.87 billion in the fiscal year ended April 29, 2017, an increase of 3.7% over fiscal 2016. Full year net income was $5.4 million, as compared to $0.1 million in the prior year period.
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The Sky’s the Limit for Amazon’s Stock
The rise in Amazon’s stock price drove up the Publishers Weekly Stock Index by nearly 28% in the first six months of 2017. Without Amazon, the index would have fallen 5.4%.
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Print Units Up 3% in First Half of 2017
Unit sales of print books rose 3% for the first six months of 2017 compared to the first half of last year at outlets that report to NPD BookScan.
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French Publishing Sales Rose 4.25% in 2016
A change in the curriculum at schools gave France's book business a boost in 2016, while its new minister of culture, a former publisher, is addressing lingering challenges, including the regulation of online bookselling.
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Quarto Hopes for Better Second Half
In an announcement released yesterday in the U.K, the Quarto Group said it will report lower than expected results for the first half of 2017, but that it expects business to improve in the second half of the year.
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