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Pearson Reports Accelerating Q3 Growth

British education firm Pearson reported faster third quarter revenue growth driven by its assessment unit. Underlying group revenue rose 5 percent for the first nine months. The company confirmed its full year guidance.

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PEARSON PLC-SPONSORED ADR posted a 6% revenue acceleration in the third quarter on Thursday morning, driven by its Assessment & Qualifications division. The United Kingdom education company's performance keeps it aligned with market expectations. Pearson narrowed its adjusted operating profit range to £650M - £675M.

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