McGraw-Hill Sees Q4 Loss; Matches Estimates (MHP)
Information services provider, The McGraw-Hill Companies, Inc.(MHP) reported a net loss for their fourth quarter, but matched estimates on a adjusted basis on Tuesday.
The New York, NY based company a fourth quarter loss of -$216 million, or 76 cents per share, compared to last years profit of $214 million, or 73 cents per share. Excluding special items, the company reported income of $205 million, or 72 cents per share. Analysts expected to see earnings of 72 cents per share.
Revenue was $1.226 billion for the quarter, up from $1.004 billion last year. Analysts expected the company to report revenue of $1.61 billion
Additionally, the company continued to deny any wrong doing with the civil lawsuit which was filed against the S&P last week. The lawsuit claimed that the S&P inflated ratings which caused significant losses to investors and financial institutions
McGraw-Hill shares were down 48 cents, or -1.08% during premarket trading Tuesday. The stock has declined -2.7% in the past year.
The Bottom Line
Shares of The McGraw-Hill Companies, Inc.(MHP) have a 2.35% yield, based on Monday’s closing price of $44.28.
The McGraw-Hill Companies, Inc.(MHP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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