Scholastic Corp Q1 Loss Narrows

Scholastic Corp (SCHL) announced Loss for first quarter that decreased from the same period last year

The company's earnings totaled -$62.5 million, or -$2.21 per share. This compares with -$74.2 million, or -$2.35 per share, in last year's first quarter.

Excluding items, Scholastic Corp reported adjusted earnings of -$2.13 per share for the period.

The company's revenue for the quarter rose 3.8% to $237.2 million from $228.5 million last year.

Scholastic Corp earnings at a glance (GAAP) :

-Earnings (Q1): -$62.5 Mln. vs. -$74.2 Mln. last year.
-EPS (Q1): -$2.21 vs. -$2.35 last year.
-Revenue (Q1): $237.2 Mln vs. $228.5 Mln last year.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com