Pearson Sales Rise But Sees Lower Half-Year Profit
Posted: 4/27/2012 | By: Lilly Vitorovich | DOW JONES NEWSWIRES
LONDON (Dow Jones)--Pearson PLC (PSON.LN), the publisher of the
Financial Times newspaper and Penguin books, Friday produced a healthy
rise in first-quarter revenue, but warned profit will be down in the
first half of 2012 due to seasonal effects and a loss of earnings
following the sale of its stake in index and data service company FTSE
International Ltd.
The U.K.-based company said it still expects sales and operating profit to grow over the full year as previously forecast.
The U.K.-based company said it still expects sales and operating profit to grow over the full year as previously forecast.