Pearson PLC Issues FY 2013 Earnings Guidance In Line With Analysts' Estimates; Comments On FY 2013 Revenue Guidance-Conference Call

Pearson PLC announced that for fiscal 2013, it expect operating profits and adjusted EPS to be broadly level with 2012 before expensing these restructuring costs (compared to 2012 adjusted EPS of 82.6p under revised IAS 19 which we will adopt in 2013) and including Penguin for the full year. The Company also announced that it expects to achieve modest revenue growth for fiscal 2013. The Company reported Operating Profit of $1.211 billion and EPS of $1.34 in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report Operating Profit of $1.382 billion and EPS of $1.15 for fiscal 2013.