School Specialty, Inc. (SCHS) Misses Q3 EPS by 4c. Gives Outlook

School Specialty, Inc. (NASDAQ: SCHS) reported Q3 EPS of $0.75, $0.04 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $236.9 million versus the consensus estimate of $242.2 million.

Financial Outlook

"We believe that given the challenging market this school season, fiscal year 2013 revenues are likely to decline in the mid-single digit range compared with fiscal 2012. Although revenue is softer than our previously anticipated performance levels for fiscal 2013, given our margin and cost reduction actions, we continue to believe that fiscal 2013 will look similar to fiscal 2012 actual results in terms of EBITDA," said the company's CEO.

For earnings history and earnings-related data on School Specialty, Inc. (SCHS) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies sees a buying opportunity in this S&P 500 sector
• Wolfe Research upgrades Biogen, AbbVie on pipeline strength and valuation
• SuperCom (SPCB) Tops Q3 EPS by 43c