Pearson Lifts 2011 Profit Outlook

Pearson PLC (NYSE: PSO) lifted its profit forecast for 2011.

Pearson now projects 2011 adjusted earnings per share, excluding intangibles, to rise about 10% to 85.25 pence, versus its earlier forecast of about 83 pence per share Pearson posted adjusted EPS of 77.5 pence per share in 2010.

Pearson is scheduled to post its 2011 results on February 27.

Pearson shares closed at $19.26 yesterday.