John Wiley & Sons posted its fourth quarter results that showed a +2% year-over-year increase in total revenue of $546 million. The publishing company’s earnings per share came in at $0.76, climbing +4% from the year-ago quarter.
At constant currency, revenue was up +4% to $546 million, while earnings per share fell -6% to $1.08.
For full fiscal year 2023, the company now expects earnings per share in the range of $3.40-$3.75 lower than the consensus estimate of $4.33. Its revenue guidance is $2.10 billion-$2.14 billion, compared to the consensus revenue expectation of $2.19 billion.