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Why Scholastic Stock Just Popped 10%

TheMotleyFool

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Shares of educational publisher Scholastic Corporation (NASDAQ: SCHL) jumped after the company reported a big fiscal Q2 2020 earnings "beat" yesterday evening and are up 9.7% as of 10:25 a.m. EST.

Analysts had expected Scholastic to report $1.77 per share in pro forma earnings and sales of $591.2 million for its second quarter of fiscal 2020. Instead, Scholastic reported pro forma profit of $2.06 per share and $597.2 million in sales.

Image source: Getty Images.

Source Fool.com

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