Scholastic Corp (SCHL) Tops Q3 EPS by 34c, Revenues Miss

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Go back to Scholastic Corp (SCHL) Tops Q3 EPS by 34c, Revenues Miss

Scholastic Reports Fiscal 2021 Third Quarter Results

March 18, 2021 4:01 PM EDT

NEW YORK, March 18, 2021 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal third quarter ended February 28, 2021.  The third quarter is a seasonally lower revenue quarter for the Company in which it typically records a loss. School book fairs revenues declined in the quarter, as many schools were still operating in remote or hybrid mode. The impact on operating income from this revenue shortfall was offset by the continued effect of the Company's cost reduction program, resulting in a... More