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Houghton Mifflin Harcourt Q4 loss widens YOY

4240611 said its fourth-quarter normalized net income came to a loss of 41 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 57 cents per share.

The per-share loss increased 10.6% year over year from 37 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $53.5 million, compared with a loss of $52.7 million in the prior-year period.

The normalized profit margin rose to negative 16.9% from negative 19.8% in the year-earlier period.

Total revenue rose 12.2% on an annual basis to $298.0 million from $265.5 million, and total operating expenses increased 8.3% on an annual basis to $373.5 million from $344.8 million.

Reported net income came to a loss of $97.9 million, or a loss of 75 cents per share, compared to a loss of $83.0 million, or a loss of 59 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 64 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 83 cents.

EPS was a loss of 43 cents in the prior year.

Normalized net income was a loss of $87.8 million, compared with a loss of $60.2 million in the prior year.

ull-year total revenue increased year over year to $1.42 billion from $1.37 billion, and total operating expenses rose 5.1% year over year to $1.52 billion from $1.45 billion. Houghton Mifflin Harcourt Co.