John Wiley & Sons Inc. has reported its earnings for the second quarter. The company posted a net income of $40.458 million, a significant turnaround from a loss of $19.445 million during the same period last year. This equates to earnings per share (EPS) of $0.74, compared to a loss of $0.35 per share in the previous year. When excluding specific items, the adjusted earnings per share came in at $0.97 for the quarter.
In terms of revenue, the company recorded $426.595 million for the quarter, down from $492.808 million in the prior year.
Looking ahead, John Wiley & Sons Inc. has set guidance for the full fiscal year with anticipated EPS ranging from $3.25 to $3.60, and revenue expectations between $1.65 billion and $1.69 billion.
