Why Scholastic Stock Is Failing to Impress Today

Sluggish school spending trends weighed on results. Education publisher Scholastic (SCHL -18.52%) fell short of expectations in its most recent quarter. Investors are giving the results an F, sending shares down 19% as of 12:30 p.m. ET. Tepid demand from key consumer categories Scholastic is a publisher of education textbooks, related products, and other books aimed at children. The company earned $1.73 per share in its fiscal fourth quarter ending May 31 on revenue of $474.9 million, falling short of Wall ...