and more.
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Industry Stocks: May 2016 Performances
With Amazon’s stock price closing at a 52-week high of $722.79 on May 31, the Publishers Weekly Stock Index rose 6.9% in the month.
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EDC Posts a 59% Earnings Jump in Record Fiscal 2016
Total revenue soared 95% in the fiscal year ended February 29, 2016 at Educational Development Corp. over fiscal 2015, to $63.6 million, and net earnings jumped to $2.1 million from $859,200 a year earlier.
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Off Strong Year-End, Bloomsbury Unveils Major Resctructuring
Bloomsbury Publishing reported an 11% increase in both sales and profits in the fiscal year ended February 28, 2016. It also announced that it was accelerating its plan to shift its focus from the consumer to non-consumer area.
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Sales Down, Profits Up at HBG
Revenue for the first quarter ended March 31, 2016 fell 10.3% at Hachette Book Group, compared to the same period last year, parent company Lagardere reported.
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Industry Stocks: April Performances
A $1 billion profit in its first quarter led to a surge in Amazon’s stock price at the end of April, giving the online giant a 11.1% increase in its share price last month.
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Sales, Earnings Drop at HarperCollins
Revenue fell 11% in the quarter ended March 31, 2016 compared to the period ended March 31, 2015 and earnings tumbles 36%, to $36 million. E-book sales were down.
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Slow Start for Houghton Mifflin Harcourt Trade
Sales in Houghton Mifflin Harcourt's trade division fell 7.3% in the first quarter and its loss rose.
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S&S; Sees Earnings Gain, But Flat Sales, in Q1
Simon & Schuster reported revenue of $145 million in the first quarter of 2016, flat with revenue in the same period in 2015. Operating income rose 8%.
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Amazon Posts a $1 Billion Profit
Helped by a strong performance in its cloud services group, Amazon reported an operating profit of $1.1 billion in the first quarter ended March 31, 2016 compared to $255 million in the 2015 first quarter.
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Industry Sales Fell 2.6% in 2015
In the AAP's first report on 2015 results, the organization found that industry sales fell 2.6% in the year compared to 2014. The figures reflect sales reported by 1,205 publishers to AAP’s StatShot program.
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