Shares of Scholastic Corporation (SCHL), a publishing, education, and media company, are falling more than 9% Friday morning after lowering its full-year outlook.
Scholastic now expects full-year revenue to be level with or slightly below the prior year compared to the previous outlook of growth of 3% - 5%.
For the second quarter revenue declined to $562.6 million from $587.9 million last year.
SCHL, currently at $37.63, has traded in the range of $30.50 - $47.25 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.