Why Pearson plc Stock Gained 14% in October

Pearson plc (NYSE: PSO) stock climbed 14% in October according to data provided by S&P Global Market Intelligence. Shares gained ground after the company delivered solid third-quarter results and raised its full-year profit outlook.

Image source: Pearson.

Pearson reported nine-month earnings on October 17, and shares climbed on an improved full-year profit outlook and growth for the company's digital business. The Britain-based education company now expects operating profits for fiscal 2017 to come in between 576 million pounds and 606 million pounds -- up from its previous estimate of between 546 million pounds and 606 million pounds.

Source: Fool.com