Educational Development (EDUC) Misses Q3 EPS by 30c
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Educational Development Corporation Announces Fiscal Third Quarter and Fiscal 2023 Year-To-Date Results
January 5, 2023 4:18 PM ESTTulsa, Oklahoma--(Newsfile Corp. - January 5, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the third quarter and year-to-date ended November 30, 2022.
Third Quarter Highlights Compared to the Prior Year Third Quarter
Net revenues were $30.3 million, a decrease of $14.8 million, or 32.8%, compared to $45.1 million.Average active direct-sales consultants totaled 27,100 compared to 41,500.Earnings before income taxes were $0.0 million, a decrease of $3.6 million, compared to $3.6 million.Net earnings totaled $0.0 million, compared to... More