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Stock impact report

Graham Holdings Company Reports Third Quarter Earnings

Graham Holdings Company (GHC) 
Company Research Source: Business Wire
ARLINGTON, Va.--(BUSINESS WIRE)--Graham Holdings Company (NYSE: GHC) today reported net income attributable to common shares of $43.1 million ($8.05 per share) for the third quarter of 2019, compared to $125.1 million ($23.28 per share) for the third quarter of 2018.The results for the third quarter of 2019 and 2018 were affected by a number of items as described in the following paragraphs. Excluding these items, net income attributable to common shares was $42.5 million ($7.94 per share) for the third quarter of 2019, compared to $70.9 million ($13.19 per share) for the third quarter of 2018. (Refer to the Non-GAAP Financial Information schedule at the end of this release for additional details.)Items included in the Company’s net income for the third quarter of 2019:a $20.4 million provision recorded at Kaplan International related to a Value Added Tax (VAT) receivable at UK Pathways (after-tax impact of $16.5 million, or $3.09 per share);a $1.1 million reduction to operating e Show less Read more
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