Scholastic Corp (SCHL) Posts Narrower-than-Expected Q3 Loss; Updates FY16 FCF Outlook
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Scholastic Reports Fiscal 2016 Third Quarter Results
March 24, 2016 7:00 AM EDTNEW YORK, March 24, 2016 /PRNewswire/ --Â Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal 2016 third quarter ended February 29, 2016.
Revenue as reported in the third quarter was $366.0 million, compared to $346.5 million a year ago. Excluding the foreign exchange translation impact of $9.0 million in the quarter, revenue was $375.0 million, an increase of more than 8% versus the prior year period. The operating loss for the third quarter of fiscal... More
