Scholastic Reports Fiscal 2021 First Quarter Results
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Scholastic Corp (SCHL) Tops Q1 EPS by 58c, Revenues Miss
September 24, 2020 4:03 PM EDTScholastic Corp (NASDAQ: SCHL) reported Q1 EPS of ($1.16), $0.58 better than the analyst estimate of ($1.74). Revenue for the quarter came in at $215.2 million versus the consensus estimate of $219 million.
"The successful execution of our previously announced $100 million cost savings program significantly improved the Company\'s quarterly operating loss and cash used in operating activities year-over-year, and preserved our strong capital position. Scholastic\'s trade and education businesses performed well and remain positioned for further growth, and we are proud of the work we have done to deepen our digital connections with customers, with... More
