StockMarketWire.com - Education group Pearson said it expected to post annual earnings at about the midpoint of its previous guidance range, while forecasting a further earnings rise in 2019.

Adjusted operating profit for the year through December was expected at between £540m and £545m, compared to previous guidance of between £520m and £560m, the company said.

Adjusted earnings per share, meanwhile, would be between 70p and 71p, compared to previous guidance of between 68p and 72p.

Looking to 2019, Pearson said it expected to post adjusted operating profit of between £590m and £640m.

'We have made good progress in 2018, returning Pearson to underlying profit growth,' chief executive John Fallon said.

'We are also building a platform to enable Pearson to achieve its full digital potential, empowering more people around the world to learn the knowledge and skills to flourish in the changing world of work.'

'There is much still to do, but we are increasingly confident in Pearson's potential to grow and prosper.'

In 2018, underlying revenue fell 1% year on year, with declines in US higher education courseware of 5% and US K12 courseware largely offset by the rest of the business growing in aggregate at over 1%.






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