Why John Wiley Stock Wilted So Badly Today
A great many investors turned the page on storied publishing house John Wiley & Sons (NYSE: JW.A) on Thursday. This was understandable, as their company published quarterly results that fell significantly short of both trailing and future estimates.
The story didn't have a happy ending, with the stock's price diving by more than 17% as a result.
Thursday morning, Wiley released its fiscal third quarter of 2023 figures, which revealed that its revenue was $491 million for the period. This was down 5% on a year-over-year basis and came in lower than the average analyst estimate of over $494 million.
Source Fool.com
