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John Wiley & Sons, Inc. Announces First Quarter Fiscal Year 2009 Results

Published in Surgery Litigation and Law Weekly, September 26th, 2008

John Wiley & Sons, Inc. (NYSE: JWa & JWb) reported revenue of $402 million for the first quarter of fiscal year 2009 ended July 31, 2008, a 3% increase over the same period of fiscal year 2008, or 2% excluding favorable foreign exchange.

Earnings per diluted share for the first quarter increased 19% over the first quarter of fiscal year 2008, excluding a one-time tax benefit that was accretive to EPS by $0.26 last year. The increase was principally due to lower debt financing costs and a $4.6 million ($0.08 per share) insurance settlement. On a U.S. GAAP basis, earnings per diluted share in the first quarter was $0.50 compared to $0.68 for the same quarter of the prior...

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Source: Surgery Litigation and Law Weekly (2008-09-26)

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