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Pearson Rises to Highest Since 2001 on Higher Sales

Pearson Plc, the publisher of the Financial Times newspaper, rose to the highest level in 12 years after reporting first-half sales that beat analyst estimates.

Revenue rose 5 percent to 2.8 billion pounds ($4.3 billion), Pearson said in a statement today. That beat the average analyst estimate of 2.69 billion pounds, according to data compiled by Bloomberg. The stock climbed as much as 9.4 percent to its highest price since May 2001. The shares were up