Scholastic Corporation Q1 Loss Increases, Misses Estimates

(RTTNews) – Scholastic Company (SCHL) launched Loss for its first quarter that Elevated from final yr and missed the Avenue estimates.

The corporate’s backside line got here in at -$71.10 million, or -$2.83 per share. This compares with -$62.50 million, or -$2.21 per share, final yr.

Excluding objects, Scholastic Company reported adjusted earnings of -$63.30 million or -$2.52 per share for the interval.

Analysts on common had anticipated the corporate to earn -$2.41 per share. Analysts’ estimates usually exclude particular objects.

The corporate’s income for the interval fell 4.9% to $225.60 million from $237.20 million final yr.

Scholastic Company earnings at a look (GAAP) :

-Earnings: -$71.10 Mln. vs. -$62.50 Mln. final yr.
-EPS: -$2.83 vs. -$2.21 final yr.
-Income: $225.60 Mln vs. $237.20 Mln final yr.

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