Pearson Q1 sales down 4 pct on U.S. and UK weakness
LONDON, April 29 (Reuters) - Pearson Plc, the British education company struggling to cope with a downturn in its biggest markets, reported a 4 percent fall in first-quarter underlying sales due to weak assessment revenues in the United States and Britain.
Analysts had said the first quarter was a relatively quiet period for Pearson which did not always reflect the likely outcome of the full-year results.
The company, which announced another major restructuring earlier this year, said it was however trading in line with the full-year expectations set out in February. It also said it was progressing well with its new turnaround plan.
(Reporting by Kate Holton, editing by Sarah Young)
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