Pearson Says It Will See Q1 Underlying Sales Growth Excluding OPM And Strategic Review Of 3%; On Track To Achieve 2024 Guidance With Expected Momentum For 2H
Portfolio Pulse from Benzinga Newsdesk
Pearson announced a Q1 underlying sales growth of 3%, excluding OPM and Strategic Review. The company is on track to meet its 2024 guidance, with expected momentum in the second half of the year. Pearson is making strong operational progress across all divisions, continuing to integrate AI into its products, and has completed an initial £300m share buyback with a £200m extension underway.
April 26, 2024 | 8:59 am
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Pearson expects Q1 underlying sales growth of 3% and is on track for 2024 guidance, with AI product enhancements and a £300m share buyback completed plus a £200m extension.
The announcement of Q1 sales growth and the completion of a significant share buyback program, along with the start of another, indicate strong financial health and operational progress. The integration of AI into products is likely to enhance Pearson's competitive edge in the education sector, potentially leading to increased investor confidence and a positive short-term impact on PSO's stock price.
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