John Wiley & Sons Q4 Adj $1.21 Beats $0.81 Estimate, Sales $468.46M Beat $438.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Wiley & Sons (NYSE:WLY) reported Q4 earnings of $1.21 per share, beating the $0.81 estimate by 49.38%. Sales were $468.46M, surpassing the $438.70M estimate by 6.78%. However, both earnings and sales decreased compared to the same period last year.
June 13, 2024 | 11:32 am
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John Wiley & Sons reported strong Q4 earnings and sales that beat analyst estimates, but both metrics showed a decline compared to the same period last year.
The significant beat on both earnings and sales estimates is likely to have a positive short-term impact on the stock price. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100