Scholastic: Fiscal 4Q Earnings Snapshot
NEW YORK (AP) _ Scholastic Corp. (SCHL) on Thursday reported fiscal fourth-quarter earnings of $17.9 million.
On a per-share basis, the New York-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring costs, were $1.14 per share.
The publishing, education and media company posted revenue of $470.7 million in the period.
For the year, the company reported net income of $15.6 million, or 43 cents per share, swinging to a profit in the period. Revenue was reported as $1.65 billion.
Scholastic expects full-year revenue in the range of $1.67 billion to $1.7 billion.
Scholastic shares have decreased 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33, a decrease of 20% in the last 12 months.