UPDATE: Scholastic Corp (SCHL) Reports Q1 EPS of -$1.81, Miss on Revenues; FY18 EPS Mid-Point Guidance Below Consensus,

(Updated - September 21, 2017 7:04 AM EDT)

Scholastic Corp (NASDAQ: SCHL) reported Q1 EPS of ($1.81), $1.81 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $189.2 million versus the consensus estimate of $208.3 million.

Fiscal 2018 Outlook Affirmed

Scholastic affirmed its fiscal 2018 outlook for total revenue of $1.65 to $1.70 billion and earnings per diluted share from continuing operations in the range of $1.20 to $1.30, excluding one-time items. The Company continues to expect free cash use in the range of $10 to $20 million.

GUIDANCE:

Scholastic Corp sees FY2018 EPS of $1.20-$1.30, versus the consensus of $1.21. Scholastic Corp sees FY2018 revenue of $1.65-1.7 billion, versus the consensus of $1.68 billion.

For earnings history and earnings-related data on Scholastic Corp (SCHL) click here.

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