Pearson's efficiency drive sees revenues take a hit in first half
Pearson PLC (LSE:PSON) penned an underwhelming sales performance in the first half of 2024, with top-line revenues falling 6.6% to £1.75 billion. However, adjusted operating profit remained unchanged at £250 million and adjusted earnings per share were steady at 25.6p.
Pearson faces stiff English test in first half
Pearson PLC (LSE:PSON) interim results on 29 July come against a backdrop of downgrades for the competition in the English tuition space. In particular, rival IDP Education said regulatory changes had affected student volumes.
Pearson prospects downgraded as UK visa applications fall
UBS has revised its earnings projections for Pearson PLC (LSE:PSON), signalling caution as the global education provider's first-half earnings approaches. The investment bank slashed its forecast for Pearson's 2024 earnings per share by 2%, attributing the downturn to disappointing English language testing volumes and legislative changes in Australia that may hinder international student flows.
