Scholastic Reports Fiscal 2021 Second Quarter Results
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Scholastic Corp (SCHL) Misses Q2 EPS by 23c, Revenues Miss
December 17, 2020 4:04 PM ESTScholastic Corp (NASDAQ: SCHL) reported Q2 EPS of $1.15, $0.23 worse than the analyst estimate of $1.38. Revenue for the quarter came in at $406 million versus the consensus estimate of $528 million.
Chairman's Commentary
"While fiscal second quarter book fairs' revenues were adversely impacted by COVID, all of Scholastic\'s other major businesses, in the U.S. and internationally, showed major improvements in operating income, year-over-year. These gains, along with a reduction in overhead expense, helped to lessen the impact of the lower fairs' revenues on Scholastic's profitability and cash position. Trade's strong fall frontlist,... More
