Harcourt General Posts loss

["Hamaker, Chuck" <cahamake@email.uncc.edu>]

Since textbooks sales are so dominant, this is I understand from one of
our liblicense-l members, a normal situation, as textbooks are shipped
later in the year.

See thestreet article for more details

Chuck
_______ 
 
Subject:	
 
http://www.thestreet.com/markets/earnings/1325718.html 

Harcourt General (H:NYSE - news) reported a loss in the latest fiscal
first quarter that widened from the year-ago period, but the company said
revenue rose slightly compared with last year.
 
The multimedia publisher, which is set to be acquired by Reed Elsevier,
lost $48.6 million, or 67 cents a share, in the quarter. In the year-ago
period, Harcourt lost $38.2 million, or 54 cents a share.

Revenue was $407.1 million in the quarter, up 1% from $402.9 million in
the year-ago period. Harcourt traditionally posts losses in its first two
fiscal quarters, as most products aren't shipped until the third and
fourth fiscal quarters.

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