NYSE:MHConsumer Services
McGraw Hill (MH) Stock Slips As Profit Rebound Meets K 12 Doubts
McGraw Hill stock slipped 3.5% to US$13.10 after Q1 results, even though the numbers told a more constructive story than the price action suggests. Investors came in after a strong recent run, with the share price up over the past week and month, and then met a quarter that put profitability back in focus.
The headline this time is not a flashy revenue surprise. It is the swing back to solid earnings, with Q1 basic earnings per share at US$0.30 and net income of US$57.9m. For an education...