Why Wiley Stock Dropped 8% Today
Publishing house John Wiley & Sons (NYSE: WLY) (NYSE: WLYB) tumbled 8.4% through 10:40 a.m. ET Thursday after reporting mixed earnings in its fiscal Q1 2025 report this morning.
Analysts forecast the research and educational publisher would earn $0.55 per share (adjusted for one-time items) on $387.4 million in Q1. Wiley reported better-than-expected sales of $403.8 million, but earnings were worse than expected -- just $0.47.
That's the good news. The bad news is that Wiley's $0.47 profit was a non-GAAP number. When calculated according to generally accepted accounting principles (GAAP), Wiley actually lost $0.03 per share for the quarter. (This was, however, an improvement over last year's $1.67-per-share Q1 loss. )
Source Fool.com
