Third quarter earnings reported by McGraw Hill Cos. has disappointed analysts and investors everywhere as the company has posted a 14% loss. The overall weakness has been said to be partially due to strength in higher education materials and partially because of the in-credit rater position of Standard and Poor's.

While shares have reportedly seen a 1.7% surge, and the publisher and financial information provider is optimistic that the year end reports will be positive, the situation as of now seems to be bad with the revenue falling a total of 7%, which is much worse than anyone had expected.

McGraw Hill has, sources say, been hit hard because of school across the country cutting costs severely. Recently reported revenue figures show a 8.4% decrease and have slipped to 1.88 Billion.