Dollar Hurts Wolters Kluwer


Wolters Kluwer, parent to CCH Tax and Accounting, saw earnings for its Tax, Accounting, and Legal Division drop by 15 percent for the third quarter as revenue rose by 4 percent.TAL, which encompasses North American operations, had earnings before interest, taxes, and amortization of $34 million, down from $49 million a year earlier. WK attributed the decline to increased investment in products and a restatement of one-time savings. TAL revenue rose to $176 million from $171 million.

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