By Simon Zekaria

LONDON--Pearson PLC (PSON.LN) on Wednesday warned of ongoing challenging market conditions, even as it reported that its business is performing in line with expectations.

The education specialist and publisher expects to report full-year results in line with previous guidance with adjusted operating profit and adjusted earnings-per-share at approximately GBP720 million ($1.09 billion) and 66 pence, respectively. The EPS figure is at the top end of its guided range of between 62 pence and 67 pence.

It also expects adjusted EPS in 2015 at between 75 pence and 80 pence.

"Despite continuing challenging market conditions, overall we had a good competitive performance in 2014," said Chief Executive John Fallon.

Pearson, which generates about 60% of its sales in the U.S., is pushing its education business in emerging markets. It also has high-profile consumer titles such as the Financial Times newspaper.

Pearson shares closed Tuesday at 1,236 pence, valuing the company at GBP10.13 billion ($15.37 billion).

-Write to Simon Zekaria at simon.zekaria@wsj.com

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