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Pearson H1 Earnings Call Highlights
['Logan Wallace']
Ticker Report
Adjusted earnings per share rose 19% at constant exchange rates, or 18% on a headline basis, to £0.289.
Pearson said operating cash flow benefited from working-capital management, the timing of payables and one-off proceeds from the settlement of a U.S. insurance policy.
Higher Education and English Language HeadwindsHigher Education revenue rose 2%, supported by U.S. core courseware and a return to growth in the K-12 channel.
Pearson expects institutional growth to be supported by market-share gains and pricing, while Pearson Test of English is expected to continue declining amid challenging market conditions.
About Pearson (NYSE:PSO)Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America.