McGraw-Hill (MHP -1.4%) dips after its Q4 misses revenue estimates. Profit jumped 39% Y/Y as...

|By:, SA News Editor

McGraw-Hill (MHP -1.4%) dips after its Q4 misses revenue estimates. Profit jumped 39% Y/Y as sales increased for nearly all business units, including its long-struggling education arm, and due to a $74M gain related to the sale of its broadcasting group. However, credit-market volatility offset much of those gains, resulting in an 8% drop in adjusted operating profit.