Pearson Plunges as Earnings Drop on North America Education
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Pearson Plc fell 5.9 percent after saying it wouldn’t emerge from a difficult transition period until 2015 after earnings plunged last year on weak demand in U.S. higher education and restructuring costs.
Adjusted operating profit fell 21 percent to 736 million pounds ($1.23 billion) in 2013 from 932 million pounds a year earlier, the London-based publisher of the Financial Times newspaper said in a statement today. Sales rose 2.3 percent to