Scholastic Corp (SCHL) Reports Q3 Loss of $0.57/sh

Scholastic Corp (NASDAQ: SCHL) reported Q3 EPS of ($0.57), versus ($0.44) reported last year. Revenue for the quarter came in at $324.9 million, versus $344.5 million reported last year.

Outlook:

The Company has updated its guidance for fiscal year 2023 and now expects Adjusted EBITDA (as defined in the accompanying tables) of $175 million to $185 million (compared to a range of $195 to $205 million, previously). Full-year revenue is expected to grow approximately 4% (compared to a range of 8% to 10%, previously), as the Company takes additional steps to manage spending and preserve margins in line with its updated outlook.

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

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