John Wiley & Sons Q3 Adj EPS $0.59 Beats $0.45 Estimate, Sales $460.70M Beat $408.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Wiley & Sons (NYSE:WLY) reported Q3 adjusted EPS of $0.59, surpassing the $0.45 estimate, with sales of $460.70M also beating the $408.10M estimate. However, both earnings and sales saw a decrease compared to the same period last year.
March 07, 2024 | 12:33 pm
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John Wiley & Sons reported a strong Q3 with adjusted EPS of $0.59 and sales of $460.70M, both exceeding estimates but showing a decrease from last year.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in WLY's stock price. However, the year-on-year decrease in both metrics might temper the enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100