Pearson Nine-month Sales Up 4% - Quick Facts

(RTTNews) - British media company Pearson Plc (PSON.L, PSO), Wednesday said that sales for the nine-month period rose 4 percent at constant exchange rates, with good growth at International, led by emerging markets, and professional education and a resilient performance in FT Group and North American education.

Looking forward, the company said it still expects adjusted earnings per share, before restructuring costs, for the full-year to be broadly level with 2012 adjusted earnings of 82.6 pence per share. The company said it expects gross restructuring charges of about 150 million pounds, or 100 million pounds after cost savings achieved during the year. Pearson said that for the full year, operating profits will be lower than 2012.

Pearson's chief executive John Fallon said: "Market conditions remain strong in digital, services and emerging markets, but are more challenging in some of our largest textbook publishing markets. This reinforces the importance of our strategy of accelerated change, so that we can shift more capital and talent more quickly towards these significant growth opportunities.