Plus   Neg

Scholastic Q1 Loss Narrows

Scholastic Corp. (SCHL) Thursday reported first-quarter net loss of $39.8 million or $1.16 per share, compared to a net loss in the prior year period of $58.5 million or $1.68 per share.

Excluding one-time items, first-quarter loss was $0.90 per share, compared to a loss of $1.59 per share last year.

First-quarter revenue was $215.2 million, a decrease of 7% compared to $232.6 million last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com Inc is allowing some employees who is working from home amid Covid-19 crisis to extend the option until June next year. Reports citing an emailed statement said that employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021. Following the virus spread, the e-commerce giant had allowed employees to work from home until January. Procter & Gamble's skincare brand Olay will debut its first float in the 94th Annual Macy's Thanksgiving Day Parade to be held on November 26 this year. To highlight the low representation of women in the STEM or science, technology, engineering, and math jobs, Olay said that its Thanksgiving Day Parade float will feature a 'Women in STEM' theme. Alternative meat producer Impossible Foods is debuting its flagship product this week in Asian grocery stores. The plant-based meat products will go on sale at about 200 grocery stores in Hong Kong and Singapore, its first grocery foray outside the U.S. Impossible Beef was the flagship product which made its worldwide grocery store debut in 2019.
Follow RTT