Pearson 9-month Sales Rise 1% At CER; CFO To Stand Down - Quick Facts

(RTTNews) - British education company and book publisher Pearson plc (PSO, PSON.L) reported that its nine-month sales grew by 1% at constant exchange rates; and level in underlying terms. Looking ahead, the company confirmed its full-year guidance, still projecting adjusted earnings per share to be between 62 pence and 67 pence in 2014. The firm's restructuring programme is on track with annual net restructuring costs of around 50 million pounds in 2014. Pearson still anticipates a return to normal levels of restructuring in 2015. In the first nine months of 2014, revenues in North America declined 6% in headline terms, owing to the strength of sterling against the US dollar, but increased by 2% at both constant exchange rates and in underlying terms. Nine-month core revenues were down by 10% in headline terms, and by 7% and 6% at constant exchange rates and in underlying terms, respectively.