McGraw-Hill posts higher revenue, income

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New York--The McGraw-Hill Cos. Tuesday reported first-quarter revenue of $846.5 million, anincrease of 1.9% over the same period last year.

Income from continuing operations, which excludes a one-time after-tax gain of $57.2 million from the sale of S&P ComStock in February, increased 33% to $38.2 million.

Revenue from McGraw-Hill’s Business-to-Business Group, which includes Business Week and Engineering News-Record, declined 6% in the first quarter to $151.1 million.

McGraw-Hill’s share price closed Tuesday at $60.42, up nearly 2%.

--Sean Callahan

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