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Scholastic Corp. (SCHL) Is Sinking After Q1 Loss

Scholastic Corp. (SCHL) reported a first quarter loss of $1.81 per share Thursday morning, compared to last year's loss of $1.15 per share. Revenue in the first quarter was $189.2 million, down 33 percent from $282.7 million a year ago.

Scholastic gapped open sharply lower this morning and is now down 3.29 at $35.22 on above average volume. The stock has dropped to nearly a 52-week low.

by RTTNews Staff Writer

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