Why Scholastic Stock Is Failing to Impress Today
Education publisher Scholastic (NASDAQ: SCHL) fell short of expectations in its most recent quarter. Investors are giving the results an F, sending shares down 19% as of 12:30 p.m. ET.
Scholastic is a publisher of education textbooks, related products, and other books aimed at children. The company earned $1.73 per share in its fiscal fourth quarter ending May 31 on revenue of $474.9 million, falling short of Wall Street's expectations for $2.66 per share in earnings on sales of $552 million.
Revenue was down 10% year over year.
Source Fool.com
Scholastic Corp. Aktie
30,00 €
-12,28 %
