UPDATE: McGraw-Hill Posts Q4 Loss
McGraw-Hill Companies (NYSE: MHP) reported a loss in the fourth quarter.
McGraw-Hill posted a quarterly loss of $216 million, or $0.76 per share, versus a year-ago profit of $214 million, or $0.73 per share. Excluding one-time items, it earned $0.72 per up from $0.46 per share.
Its revenue climbed 22% to $1.23 billion. However, analysts were expecting earnings of $0.72 per share on revenue of $1.61 billion.
McGraw-Hill shares fell 0.63% to $44.00 in pre-market trading.
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