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March 7, 2013
07:09 EDTJWAJohn Wiley & Sons backs FY13 EPS view $2.95-$3.05 with items, consensus $2.98
FY13 EPS guidance includes the net negative impact from the divestiture of the consumer publishing assets, including: 16c assets impairment charge, 10c gain on the sale of travel publishing assets, a restructuring charge of 6c in Q1, 14c benefit from a reduction in UK tax rates, forecasted 2c of negative foreign exchange, further impacted approximately 30c by the $25M restructuring charge the company expects to take in Q4.
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