By Sabela Ojea
Shares of John Wiley & Sons climbed after the company posted significantly narrower losses for its fiscal third quarter and said it expects to meet the top end of its adjusted Ebitda margin target guidance for the year.
The stock was up 13% to $42.66 on Thursday, on pace for the largest percent increase in about a year. The stock has, however, fallen 14% over the past 12 months.
The Hoboken, N.J., publisher of titles such as the For Dummies franchise reported a loss for the three months ended Jan. 31 of $23 million, or 43 cents a share, compared with a loss of $113.9 million, or $2.08 a share, for the same period a year earlier.
"We continue to deliver disciplined growth and material margin expansion as we capitalize on the global demand for scientific research and responsible AI model development," Chief Executive Matthew Kissner said.
John Wiley & Sons said it now expects adjusted earnings before interest, taxes, depreciation and amortization margin target of 25% from a prior guidance in the range of 24% to 25%.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
March 06, 2025 12:57 ET (17:57 GMT)
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