Scholastic (SCHL) Reports Q1 Loss, Tops Revenue Estimates

Scholastic (SCHL) came out with a quarterly loss of $2.13 per share versus the Zacks Consensus Estimate of a loss of $2.48. This compares to loss of $2.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.11%. A quarter ago, it was expected that this publishing, education and media company would post earnings of $2.66 per share when it actually produced earnings of $1.73, delivering a surprise of -34.96%. Over the last four ...