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.

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Source Fool.com