Pearson's Profit Warning


Pearson's Profit Warning

Jan 23, 2014

PEARSON DIPS: The stock price for the world's largest publisher dipped 8% on the London exchange after CEO John Fallon announced that "our trading and financial performance has been weaker than expected, particularly in North America," according to Bloomberg. (It's the biggest drop since 2002.) The company's listing on the New York Stock Exchange also dipped 7.75%. Fallon pointed to declining college enrollment in the U.S. and lower demand for its textbooks as the culprits. Pearson has also reportedly spent $282 million to restructuring its operations to focus on digital services and emerging markets--a cost 20% higher than earlier predictions.

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