WLY - Why Publishing Company John Wiley & Sons' Shares Are Surging On Thursday? | Benzinga
John Wiley & Sons Inc (NYSE:WLY) shares are surging after the company reported better-than expected fourth-quarter FY24 earnings and initiated Fy25 guidance.
The company reported a fourth-quarter FY24 sales decline of 10.9% year-on-year to $468.46 million, beating the analyst consensus estimate of $438.70 million.
Revenue from Research decreased 3% to $271 million, and that of learning jumped 18% to $170 million.
Total costs and expenses decreased 10% Y/Y to $399.8 million.
Operating income for the quarter ...