Scholastic Reports Q4 And Fiscal 2018 Results And Outlook
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Scholastic Corp (SCHL) Reports Q4 EPS of $1.43, Beats on Revenues
July 19, 2018 7:04 AM EDTScholastic Corp (NASDAQ: SCHL) reported Q4 EPS of $1.43. Revenue for the quarter came in at $496.2 million versus the consensus estimate of $344.7 million.
"Strong fourth quarter results helped us reach the higher end of full-year guidance for earnings per share, excluding one-time items. We continued to invest in new publishing and productivity-focused technologies under our Scholastic 2020 plan. The implementation of new finance and operating systems will bring us information much more quickly, enabling improved inventory and cost management, and is expected to provide cost savings of $10 million in fiscal 2019,\" said Richard Robinson, Scholastic... More
