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Pearson (PSO) surprisingly cuts its 2012 guidance, estimating operating profit at £935M...

  • Monday, January 21, 4:10 AM ET
    Pearson (PSO) surprisingly cuts its 2012 guidance, estimating operating profit at £935M and EPS of 84 pence, slightly below consensus of £942M and 84.9 pence respectively. In addition, the company expects tough market conditions and structural industry change to continue into 2013. Shares -2.6% in London. (PR)
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    What are the tough conditions. They own a good deal of their market, and every day there are more and more customers due to over regulation and the need for credentialing, test taking, and certifications.
    21 Jan, 12:44 PM Reply Like
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