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Scholastic Corp. (SCHL) Sank After Q1 Loss Widened

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 Thursday, but traded in a range for the bulk of the session. The stock closed down by 2.72 at $35.79 on the highest volume of the year. Scholastic sank to nearly a 52-week low.

by RTT Staff Writer

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