Scholastic Corp (SCHL) Misses Q2 EPS by 20c

Scholastic Corp (NASDAQ: SCHL) reported Q2 EPS of $2.45, $0.20 worse than the analyst estimate of $2.65. Revenue for the quarter came in at $562.6 million versus the consensus estimate of $625.23 million.

• Board Approves an Additional $66 Million for Share Repurchases, Increasing Total Authorization to $100 Million

Outlook:

The Company has updated its guidance for fiscal year 2024 and now expects Adjusted EBITDA (as defined in the accompanying tables) of $165 million to $175 million (compared to a range of $190 million to $200 million, previously). Full-year revenue is now expected to be approximately level with or slightly below the prior year (compared to growth of 3% to 5%, previously).

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

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