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Update: McGraw Hill Shares Rise After Fiscal Q1 Beat

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(Updates with the latest stock move in the headline and first paragraph.)

McGraw Hill (MH) shares rose more than 16% in afternoon trading on Thursday after the publisher reported better-than-expected fiscal Q1 results.

The company posted fiscal Q1 adjusted earnings Thursday of $0.59 per diluted share, compared with a breakeven a year earlier.

Analysts polled by FactSet expected non-GAAP EPS of $0.48.

Revenue for the quarter ended June 30 was $549.9 million, compared with $535.7 million a year earlier.

Analysts expected $532 million.

The company reiterated its fiscal 2027 outlook of $2.12 billion to $2.18 billion in revenue. Analysts expect $2.15 billion.

Price: $13.47, Change: $+1.87, Percent Change: +16.12%

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