John Wiley & Sons, Inc. (WLY) reported Q1 EPS of $1.20, $0.06 better than the analyst estimate of $1.14. Revenue for the quarter came in at $515 million versus the consensus estimate of $543.2 million.
Fiscal 2023 Outlook: Wiley is lowering its revenue outlook at constant currency due to consumer spending and enrollment headwinds in Academic & Professional Learning. Reaffirms full year outlook for Adjusted EBITDA and Free Cash Flow; Adjusted EPS trending to lower end of range mainly due to rising interest expense