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Why Publishing Company John Wiley & Sons' Shares Are Surging On Thursday?

John Wiley & Sons Inc (NYSE:WLY) shares are surging after the company reported better-than expected fourth-quarter FY24 earnings and initiated Fy25 guidance. The company reported a fourth-quarter FY24 sales decline of 10.9% year-on-year to $468.46 million, beating the analyst consensus estimate of $438.70 million. Revenue from Research decreased 3% to $271 million, and that of learning jumped 18% to $170 million. Total costs and expenses decreased 10% Y/Y to $399.8 million. Operating income for the quarter ...