Scholastic Reports Q4 And Fiscal 2020 Results
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Scholastic Corp (SCHL) Tops Q4 EPS by 70c, Revenues Beat
July 23, 2020 4:08 PM EDTScholastic Corp (NASDAQ: SCHL) reported Q4 EPS of ($0.23), $0.70 better than the analyst estimate of ($0.93). Revenue for the quarter came in at $284 million versus the consensus estimate of $272.6 million.
Chairman's Commentary
"In the fourth quarter, we took decisive action to mitigate the impact of COVID-19 on our operating income and cash flow, while continuing to support schools, teachers, parents and children as schools were closed in the U.S. and globally," said Richard Robinson, Chairman, President and Chief Executive Officer. "Responding to the revenue drop from school closings of $187 million,... More
