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Houghton Mifflin: 1Q Earnings Snapshot

BOSTON (AP) _ Houghton Mifflin Harcourt Co. (HMHC) on Thursday reported a loss of $117.4 million in its first quarter.

The Boston-based company said it had a loss of 95 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 73 cents per share.

The book publisher posted revenue of $194.6 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $202.2 million.

Houghton Mifflin shares have dropped roughly 7% since the beginning of the year. The stock has increased 20% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HMHC at https://www.zacks.com/ap/HMHC