Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Wiley Stock Dropped 8% Today

TheMotleyFool

0 0

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

Like: 0

WLY

Share