Tuesday, April 30, 2013

Reuters: Regulatory News: McGraw-Hill profit rises on gain from education business sale

Reuters: Regulatory News
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McGraw-Hill profit rises on gain from education business sale
Apr 30th 2013, 11:23

April 30 | Tue Apr 30, 2013 7:23am EDT

April 30 (Reuters) - McGraw-Hill Cos Inc, the parent of credit ratings agency Standard & Poor's Corp, reported a rise in first-quarter profit on a one-time gain from the sale of its education business.

Net income rose to $735 million, or $2.59 per share, from $123 million, or 43 cents per share, a year earlier.

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