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  • Apr 26, 2024

      Show headlines and story abstract
    • 9:37AM ET on Friday Apr 26, 2024 by MT Newswires
      Companies Mentioned: PSO
      09:37 AM EDT, 04/26/2024 (MT Newswires) -- Pearson (PSO) reported Friday Q1 underlying sales growth of 3%. The figure excludes the online program management business that Pearson has divested and revenue from international courseware local publishi...
    • 8:52AM ET on Friday Apr 26, 2024 by Dow Jones
      Companies Mentioned: PSO

      1252 GMT - Pearson's first-quarter performance was decent, but decline in the higher education division disappointed, AlphaValue analyst Alexandre Desprez writes in a research note. The FTSE 100 education company posted a 4% sales decline in both higher education and virtual learning, reflecting the previously announced OPM ASU contract loss, which benefited sales through the first half of 2023. While management expects a rebound this year in the higher education segment, there is no improvement in sight for the remainder of the year in virtual learning due to another loss of a large partner for the 2024-25 academic year, Desprez says. Shares are down 1.3% at 978.80 pence. (najat.kantouar@wsj.com)
    • 2:39AM ET on Friday Apr 26, 2024 by Business Wire
      Companies Mentioned: PSORF

      Highlights

      Underlying sales growth excluding OPM(1) and Strategic Review(2) of 3%. Strong operational progress in all divisions and continued execution momentum across our 2024 strategic priorities. Continuing to infuse our products with AI and on-track to include AI features in more than 40 Higher Education titles for the Fall semester. Initial £300m share buyback completed; the previously announced £200m buyback extension has commenced.

    • 2:39AM ET on Friday Apr 26, 2024 by Dow Jones
      Companies Mentioned: PSO

      Pearson 2024 Q1 Trading Update (Unaudited)

      Pearson is on track to achieve 2024 guidance with expected Q1 result and growth momentum for the second half
      LONDON--(BUSINESS WIRE)--April 26, 2024--
    • 2:39AM ET on Friday Apr 26, 2024 by Dow Jones
      Companies Mentioned: PSO

      Pearson is on track to achieve 2024 guidance with expected Q1 result and growth momentum for the second half
      LONDON--(BUSINESS WIRE)--April 26, 2024--
      Highlights
      -- Underlying sales growth excluding OPM1 and Strategic Review2 of 3%. -- Strong operational progress in all divisions and continued execution momentum across our 2024 strategic priorities. -- Continuing to infuse our products with AI and on-track to include AI features in more than 40 Higher Education titles for the Fall semester. -- Initial GBP300m share buyback completed; the previously announced GBP200m buyback extension has commenced.

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