McGraw-Hill Sees Q4 Loss; Matches Estimates (MHP)

McGraw-Hill Sees Q4 Loss; Matches Estimates (MHP)

RSS

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today