HMHC stock is up 5% today after Houghton Mifflin Harcourt (NASDAQ:HMHC) updated investors on its long-term strategy and reported record preliminary third-quarter results.
HMHC Stock Driven By Record Billings GrowthHoughton Mifflin Harcourt, a Boston-based publisher of textbooks and other learning materials, reported net sales of $563 million USD and expects year-to-date net sales of $1,147 million USD. Third-quarter cash flow from operating activities is expected to be $393 million USD, resulting in expected year-to-date cash flow from operating activities of $127 million USD. The rise in HMHC stock is being driven by third-quarter expected billings, ...
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