LONDON Feb 28 British publisher Pearson
said it expected 2014 earnings to fall, after
publishing full-year results within the range of already
downgraded forecasts due to the hit from the deteriorating U.S.
Pearson, the 170-year-old education and media group which is
restructuring under new leadership to grow again in 2015, has
endured a tough 2013, downgrading its guidance twice.
On Friday it reported 2013 adjusted earnings per share of
70.1 pence after restructuring charges, down from 82.6 pence
last year. It said at current exchange rates, 2014 adjusted EPS
should be between 62 pence and 67 pence.
The British group, which also owns the Financial Times,
warned in January that its 2013 earnings would be lower than
expected due to higher restructuring costs and poor demand for
its North America education business in its key selling quarter.