Pearson: shares jump after 'in line' trading statement

(CercleFinance.com) - Pearson shares rose on Wednesday after the world's largest educational book publisher unveiled full-year sales and profit that were in line with expectations.


Overall, group sales declined by 10% in 2020, one point above the consensus of -11%, with the company expecting adjusted operating profit of 310-315 million pounds, pretty much in line with the consensus of 312 million pounds.

"Pearson trading statement suggest 2020 EBIT will be in line with consensus expectations," analysts at UBS said.

Pearson is expected to provide guidance for 2021, along with a strategic update when it publishes its full-year results in early March.

The shares are currently up 7% on the London Stock Exchange.

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