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FX.co ★ Pearson: Q3 Underlying Sales, Excl. Items, Up 5%; On Track To Meet FY Expectations

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typeContent_19130:::2024-10-29T08:16:00

Pearson: Q3 Underlying Sales, Excl. Items, Up 5%; On Track To Meet FY Expectations

Pearson (traded as PSO and PSON.L) reported a 5% increase in underlying sales for the third quarter, contributing to a 3% rise over the first nine months of the year. This excludes contributions from the OPM and Strategic Review sectors. The company confirmed that expectations for underlying sales growth, adjusted operating profit, interest, and tax for 2024 remain aligned with market forecasts.

Omar Abbosh, Chief Executive, commented, "Our emphasis on operational and financial performance has fueled growth in all divisions this quarter. We are enhancing our AI capabilities throughout the organization and are beginning to experience the commercial advantages."

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