The company’s bottom line showed improvement compared to the $156.9 million loss recorded during the same quarter last year. Despite this narrower deficit, the results missed Wall Street expectations, as analysts polled by FactSet had anticipated a loss of 14 cents per share rather than the 26 cents reported.
While the K-12 segment struggled against a smaller market opportunity, the higher-education division provided a slight buffer with a 1.6% revenue increase. Looking ahead, McGraw Hill set its revenue guidance for the new fiscal year between $2.12 billion and $2.18 billion, landing near the $2.16 billion consensus estimate from analysts.




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