A great many investors turned the page on storied publishing house John Wiley & Sons (NYSE: JW.A) on Thursday. This was understandable, as their company published quarterly results that fell significantly short of both trailing and future estimates.

The story didn't have a happy ending, with the stock's price diving by more than 17% as a result.

Thursday morning, Wiley released its fiscal third quarter of 2023 figures, which revealed that its revenue was $491 million for the period. This was down 5% on a year-over-year basis and came in lower than the average analyst estimate of over $494 million.

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Source Fool.com