TEL AVIV (MarketWatch) -- McGraw-Hill Cos. MHP, the New York-based financial-information company, reported a fourth-quarter net loss of $216 million, or 76 cents a share, compared with net income of $214 million, or 73 cents, in the year-earlier quarter. The latest earnings from continuing operations were 67 cents a share compared with 37 cents a year earlier. The latest adjusted earnings from continuing operations were 72 cents a share. McGraw-Hill plans to sell its education division and has classified the unit as a discontinued operation. Revenue reached $1.23 billion, up from $1 billion. A survey of analysts by FactSet produced consensus estimates of profit of 68 cents a share on revenue of $1.32 million. And McGraw-Hill estimated that in 2013 it would earn an adjusted $3.10 to $3.20 a share, compared with $2.75 in 2012. FactSet's survey had been looking for $3.57 for the year.
|PULSE: McGraw-Hill sells education unit for $2.4 billion (2013/3/22)|
|PULSE: McGraw-Hill seen reporting profit jump Tuesday (2013/4/29)|
|PULSE: McGraw-Hill shares tumble on lawsuit against S&P (2013/2/5)|
|PULSE: McGraw-Hill says DOJ suit without merit (2013/2/12)|
|PULSE: Cliffs Natural swings to loss; cuts dividend (2013/2/12)|
|McGraw-Hill Reports 4th Quarter And Full-year 2012 Results (2013/2/12)|
|McGraw Hill Financial Reports 1st Quarter Results (2013/4/30)|
|The McGraw-Hill Companies Completes Sale of McGraw-Hill Education to Apollo (2013/3/22)|
|/C O R R E C T I O N -- The McGraw-Hill Companies/ (2013/4/9)|
|The McGraw-Hill Companies' Shareholders Approve Company Name Change to McGraw Hill Financial (2013/5/1)|
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