Find out what held these stocks back on a good day for the market.
News & Analysis: Pearson
Pearson stock posted big gains in October but still trades down roughly 9% year to date.
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The company expects to match its guidance for the first quarter, continue major cost-cutting, and has started a strategic review of its U.S. K-12 courseware publishing business.
Mattel, Abercrombie & Fitch, and Pearson could all slash their dividends soon.
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Demand for the company's North American higher education coursework was far worse than expected, prompting weak guidance and a planned dividend cut.
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Book publisher Pearson PLC is cutting jobs and restructuring its business as demand for printed media and college enrollment in markets it serves continues to decline.