$0.68 diluted earnings per share in 2Q2011
2Q 2011 Highlights:
• McGraw-Hill Financial: 13.5% increase in revenue and 17.3% growth in operating profit
• Standard & Poor's: 18.6% gain in revenue and 17.3% growth in operating profit
• McGraw-Hill Education: School orders delayed to 3Q; double-digit growth in digital revenue for higher education, professional markets
• Information & Media: 11.7% increase in Business-to-Business Group's revenue
• Share repurchases: 7.7 million shares were bought back for $300 million at an average price of $38.96 in the first half of 2011
(Press Release) NEW YORK, July 28, 2011 /PRNewswire via COMTEX/— The McGraw-Hill Companies today reported diluted earnings per share of $0.68 for the second quarter of 2011, an 11.9% increase compared to the same period last year. Net income for the period increased 10.5% to $211.1 million. Revenue grew by 7.2% in the second quarter to $1.6 billion.