RTTNews | Apr 26, 2021 07:01AM EDT

07:01 Monday, April 26, 2021 (RTTNews.com) - Shares of Pearson plc (PSO) are up more than 3% in the pre-market trade on Monday after the education publishing company announced underlying revenue growth of 5% in its first quarter.

This sales growth was achieved by 25% increase in online learning revenue.

"We are building pace and momentum. We are making good strategic progress in our ongoing shift to digital, we are in the advanced stages of preparation for the forthcoming launch of our new college app and our organisational redesign is on track," said Andy Bird, Chief Executive.

The company said it expects to deliver revenue and profit growth in 2021, in line with its previous outlook.

PSO closed Friday's trading at $11.18, up 1.91%. The stock is currently at $11.55.

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