Pearson raises forecast thanks to booming US education business

The Telegraph:

The group today reported that pre-tax profits were £94m in the first half compared with a loss of £7m in the same period in 2009. Sales at the group climbed to £2.34bn from £2.14bn.

"The 2010 finish line isn't yet in sight, but this is as good a start to our years as I've seen," chief executive Marjorie Scardino said. "That boosts our confidence in the full year, enabling us to brighten our outlook and raise our guidance."

Posted by Jim Zellmer at July 28, 2010 2:43 AM
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