Scholastic: Fiscal 1Q Earnings Snapshot
NEW YORK (AP) _ Scholastic Corp. (SCHL) on Thursday reported a loss of $61.3 million in its fiscal first quarter.
The New York-based company said it had a loss of $1.75 per share. Losses, adjusted for non-recurring costs, came to $1.74 per share.
The publishing, education and media company posted revenue of $218.4 million in the period.
Scholastic expects full-year earnings in the range of $1.60 to $1.70 per share, with revenue in the range of $1.65 billion to $1.7 billion.
Scholastic shares have increased nearly 7 percent since the beginning of the year. The stock has climbed 18 percent in the last 12 months.