NEW YORK (TheStreet) -- Shares of Pearson Plc (PSO) are up 4.13% to $18.40 after Citigroup (C) reiterated their buy rating on the company, with a $22.67 price objective on the stock.
Today, the company's interim management statement for the first three months of 2014 noted that their "profits are heavily weighted to the second half. As expected, our first-half adjusted operating profit and adjusted earnings per share will be lower this year than in 2013, primarily reflecting the outlook given at our full-year results."
About 60% of Pearson's sales are from the U.S.
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