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6 Months : From Jul 2019 to Jan 2020
By Stephen Nakrosis
The American depository receipts of Pearson PLC (PSO) are trading lower on the New York Stock Exchange Thursday after the maker of educational software said its third-quarter results could come in weaker than expected.
At 12:27 p.m. EDT, the company's ADRs had lost 14.34% to trade at $9.08. Volume was higher than usual with over 642,000 shares trading, above the 65-day average volume of 190,589.
Shares of the U.K. company fell earlier in the London market after it said revenue from a U.S. segment fell in the first nine months of the year, and warned revenue from U.S. higher-education courseware would decline by between 8% and 12% this year. Previous guidance called for a decline of no more than 5%.
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(END) Dow Jones Newswires
September 26, 2019 13:00 ET (17:00 GMT)
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