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February 12, 2013 at 08:34 AM EST
McGraw-Hill Sees Q4 Loss; Matches Estimates (MHP)

Information services provider, The McGraw-Hill Companies, Inc.(MHP) reported a net loss for their fourth quarter, but matched estimates on a adjusted basis on Tuesday.

The New York, NY based company a fourth quarter loss of -$216 million, or 76 cents per share, compared to last years profit of $214 million, or 73 cents per share. Excluding special items, the company reported income of $205 million, or 72 cents per share. Analysts expected to see earnings of 72 cents per share.

Revenue was $1.226 billion for the quarter, up from $1.004 billion last year. Analysts expected the company to report revenue of $1.61 billion

Additionally, the company continued to deny any wrong doing with the civil lawsuit which was filed against the S&P last week. The lawsuit claimed that the S&P inflated ratings which caused significant losses to investors and financial institutions

McGraw-Hill shares were down 48 cents, or -1.08% during premarket trading Tuesday. The stock has declined -2.7% in the past year.

The Bottom Line
Shares of The McGraw-Hill Companies, Inc.(MHP) have a 2.35% yield, based on Monday’s closing price of $44.28.

The McGraw-Hill Companies, Inc.(MHP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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