BMO Capital Downgrades Houghton Mifflin (HMHC) to Market Perform
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Houghton Mifflin Harcourt Announces Second Quarter 2016 Results
August 4, 2016 7:01 AM EDTBOSTON, Aug. 4, 2016 /PRNewswire/ --Global learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (NASDAQ: HMHC) today announced its financial results for the second quarter ended June 30, 2016.
Second Quarter 2016 Highlights:
Net Sales for the three months ended June 30, 2016 were $392 million, an increase of $12 million compared with $380 million in the same period in 2015. Billings were $413 million, a decrease of $23 million compared with $436 million in the second quarter of 2015. Net loss increased to $28 million, an... More