Tuesday, April 24, 2007

UPDATE 1-McGraw-Hill profit rises with Standard & Poor's

(Reuters) - The company, which also publishes BusinessWeek magazine, said first-quarter net income rose to $143.8 million, or 40 cents a share, from $74.2 million, or 20 cents a share, a year ago.

Results for the 2007 quarter included a gain of 3 cents per share from the sale of a mutual fund data business in March, while year-ago results included a one-time charge of 4 cents per share for a stock option program.


Read more at Reuters.com Market News

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