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Pearson annual profit rises 11%, ahead of forecasts
Global Banking & Finance Review®
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LONDON (Reuters) – British education group Pearson said it would post adjusted operating profit of about 455 million pounds ($560 million) for 2022, an 11% rise which puts it ahead of analyst expectations, on underlying sales which came in 5% higher.
LONDON (Reuters) – British education group Pearson said it would post adjusted operating profit of about 455 million pounds ($560 million) for 2022, an 11% rise which puts it ahead of analyst expectations, on underlying sales which came in 5% higher.
($1 = 0.8127 pounds)
(Reporting by Sarah Young; Editing by Kate Holton)
Adjusted operating profit is a financial metric that reflects a company's earnings from its core business operations, excluding certain non-recurring items, taxes, and interest expenses, providing a clearer view of operational performance.
Underlying sales refer to the revenue generated from a company's core business activities, excluding any effects from acquisitions, divestitures, or currency fluctuations, giving a more accurate picture of sales growth.
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