Scholastic Corp (SCHL) released Loss for third quarter that decreased from the same period last year and beat the Street estimates.
The company's bottom line came in at -$3.6 million, or -$0.13 per share. This compares with -$26.5 million, or -$0.91 per share, last year.
Excluding items, Scholastic Corp reported adjusted earnings of -$0.05 per share for the period.
Analysts on average had expected the company to earn -$0.78 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.6% to $335.4 million from $323.7 million last year.
Scholastic Corp earnings at a glance (GAAP) :
-Earnings: -$3.6 Mln. vs. -$26.5 Mln. last year.
-EPS: -$0.13 vs. -$0.91 last year.
-Revenue: $335.4 Mln vs. $323.7 Mln last year.
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