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Pearson PLC Issues FY 2012 Guidance; EBIT Guidance Below Analysts' Estimates


Monday, 21 Jan 2013 02:02am EST 

Pearson PLC announced that for fiscal 2012, it expects to report good revenue growth at constant exchange rates, operating profit of approximately GBP935 million (broadly level at CER), adjusted earnings of approximately GBP0.84 per share and cash conversion of close to 90%. The fiscal 2012 results will reflect the absence of a profit contribution from FTSE International (GBP20 million of operating profit and GBP0.022 of EPS in 2011) and the impact of the radically-changed trading environment for Pearson in Practice, which led to the recent decision to plan to exit that business. According to I/B/E/S Estimates, analysts were expecting the Company to report EBIT of GBP944 million and EPS of GBP0.84 for fiscal 2012. 

Company Quote

19.0
0.08 +0.42%
23 Jul 2014