Pearson higher ed store4/2/2024 ![]() ![]() Higher Education Courseware division, often the source of Pearson profit downgrades in recent years, was down 9% in the nine months, compared with a 2% fall in the first half of the year. Ian Whittaker, an independent analyst, said with a new reporting structure and only growth rates given, it was difficult to track quite how the company had performed in the third quarter. "We are left with a slight sense of ‘what might have been': had enrolments been more robust, we would surely have been talking about consensus upgrades," analysts at Citi said. Shares in the group were down 10% at 657 pence, marking a disappointment for the former Disney executive Bird who has been running the group for almost a year. "That's pretty good going for 12 weeks," CEO Andy Bird told Reuters. Its new Pearson+ app was also being used by more than two million people. ![]()
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