International stocks trading in New York closed lower Wednesday.

Pearson PLC (PSO, PSON.LN) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 0.3% to $129.84. The European index decreased 0.4% to $122.40, the Asian index edged 0.1% lower to $147.50, the Latin American index fell 0.7% to $215.18, and the emerging markets index declined 0.4% to $256.80.

ADRs of Pearson dropped 29% to $7.13 after the world's largest education company issued a profit warning for 2018, warned of lower future dividends and said it plans to sell its stake in its Penguin Random House publishing joint venture.

 

Write to Anne Steele at anne.steele@wsj.com.

 

(END) Dow Jones Newswires

January 18, 2017 17:21 ET (22:21 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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