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Scholastic: Fiscal 1Q Earnings Snapshot

September 27, 2018

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.

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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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