Anonymous wrote:http://www.cnbc.com/id/102496406
Nice article about Pearson and Common Core. Profits up 3%
It's not an article about Pearson and Common Core, it's an article about educational publishing companies and Common Core. Not surprisingly, educational publishing companies, which are in the business of selling educational materials, are selling educational materials related to the Common Core. (In further news, water is wet.)
These educational publishing companies include Pearson, Houghton Mifflin Harcourt, Staff Development Workshops, Scholastic, Catapult Learning, McGraw Hill, Pivot Learning Partners, AP Ventures, Action Learning Systems, and Solution Tree. I don't know what CNBC is counting as a "Common Core contract", but whatever they're counting, according to their table of "Common Core's contract winners", 79% (101 contracts) have gone to companies that are not Pearson.
And finally:
Common Core is seen as a major growth driver for Pearson, for example.
Philip Gorham, a senior equity analyst at Morningstar, estimates that Common Core-related business will be one of two reasons for more than 3 percent growth for the U.K.-based company over 2015.
Growth =/= profits.