Pearson Nine-Month Sales Decline on U.S. Courseware Slump

  • Education provider says retailers cautious on textbook buying
  • Stock drops after revenue in North America shrinks 9%

Pearson Plc, the world’s largest education company, reported a 7 percent decline in comparable sales for the first nine months of the year amid a bigger-than-expected slowdown in the key U.S. market for textbooks. The stock dropped.

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