The company was formerly known as Houghton Mifflin Company but changed its name following the 2007 acquisition of Harcourt Publishing. Prior to March 2010, it was a subsidiary of Education Media and Publishing Group Limited, an Irish-owned holding company registered in the Cayman Islands and formerly known as Riverdeep. Houghton Mifflin Harcourt (NASDAQ: HMHC) reported Q3 EPS of ($0.10), versus $0.56 reported last year.Revenue for the quarter came in at $386.6 million versus the consensus estimate of $516.59 million.
Stock splits are used by Houghton Mifflin Harcourt Company to keep share prices within reasonable numbers to encourage investment. If the share price of a security gets too high, a company can perform a stock split by issuing all shareholders an extra share, thereby halving the price of an individual share.
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