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Pearson Expects Earnings at Top End of Forecasts

Reuters
Monday, 22 Jan 2007 | 2:37 AM ET

Pearson, the world's biggest publisher of educational materials, said on Monday it expects to post earnings per share at the top end of current market expectations due to strong fourth-quarter trading.

The London-based company said its education arm saw good revenue momentum and better-than-expected margin improvement while the Financial Times boosted circulation and advertising and Penguin had a good year-end publishing and selling season.

The company's full-year results are scheduled for Feb. 26.

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