Nucor earnings beat by $0.08, revenue fell short of estimates
NEW YORK - On Thursday, John Wiley & Sons, Inc. (NYSE: WLY) reported third-quarter earnings that beat estimates and provided an optimistic outlook for fiscal year 2025.
The academic publishing and education company posted adjusted earnings per share of $0.84, above analysts’ expectations of $0.65. Revenue came in at $405 million, versus the consensus estimate of $401.1 million and down 4% YoY.
Wiley also issued upbeat guidance for fiscal 2025. The company expects full-year adjusted EPS of $3.25-$3.60, well above the $2.59 analyst consensus. Revenue is projected at $1.65-1.69 billion, in line with estimates of $1.66 billion.
"We finished the year strong and head into Fiscal 2025 with full confidence in our Research trajectory, GenAI momentum, and profit and performance outlook," said Matthew Kissner, Interim President and CEO.
Wiley cited robust demand in its Research segment and continued outperformance in Learning. The company also noted significant interest in leveraging its content to train AI models.
For the full fiscal 2024 year, adjusted revenue declined 1% to $1.62 billion while adjusted EBITDA fell 3% to $369 million.
The company said it has completed two of three planned non-core divestitures and actioned $90 million of a targeted $130 million in run-rate cost savings.
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