Scholastic Stock Plunges as Uncertainty Over Government School Funding Hurts Results

Core Viewpoint - Scholastic (SCHL) shares declined after the company reported a quarterly loss due to reduced spending from schools amid uncertainty regarding government funding [1] Company Summary - Scholastic, a children's books publisher, experienced a quarterly loss, indicating financial challenges [1] - The decline in school spending is attributed to uncertainties surrounding government funding, impacting the company's revenue [1] Industry Summary - The children's publishing industry is facing pressures as schools are cautious with their budgets, influenced by external funding uncertainties [1]