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Scholastic: Fiscal 4Q Earnings Snapshot

July 25, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCHL at https://www.zacks.com/ap/SCHL

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