John Wiley & Sons Q2 Adjusted EPS $0.73 Beats $0.56 Estimate, Sales $492.81M Beat $378.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Wiley & Sons (NYSE:WLY) reported Q2 adjusted EPS of $0.73, surpassing the $0.56 estimate, and sales of $492.81M, exceeding the $378.40M estimate. However, this reflects a 39.17% decrease in EPS and a 4.28% decrease in sales from the same period last year.
December 06, 2023 | 1:03 pm
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John Wiley & Sons reported higher-than-expected Q2 earnings and sales, but showed a decrease compared to last year's figures.
The positive earnings and sales beat are likely to be viewed favorably by investors in the short term, despite the year-over-year decline. The substantial beat in both EPS and sales estimates may lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100