McGraw Hill rises after Q1 revenue beats estimates

** Shares of U.S. publisher McGraw Hill MH.N rose 3.8% to $12.06 premarket.

** The company reported Q1 revenue of $549.90 million, beating analysts' estimate of $532.04 million, according to LSEG-compiled data.

** McGraw Hill posted quarterly profit of 30 cents per share, compared with estimates of 48 cents.

** The company reaffirmed fiscal 2027 revenue guidance in the range of $2.12 billion to $2.18 billion; analysts were expecting revenue of $2.15 billion.

** As of the last close, MH stock was down 29.7% year to date.