Scholastic Corp (SCHL) Releases Earnings Results, Beats Expectations By $0.27 EPS

Scholastic Corp (SCHL) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $1.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $0.95. The company posted revenue of $513.80 million in the period, compared to analysts expectations of $501.60 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Scholastic Corp closed down -0.15 points or -0.37% at $40.68 with 1,22,221 shares getting traded on Wednesday. Post opening the session at $41.03, the shares hit an intraday low of $40.58 and an intraday high of $41.03 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 11, 2016, Maureen Oconnell (EVP, CAO & CFO) sold 56,526 shares at $40.00 per share price. According to the SEC, on Sep 1, 2015, Judith Newman (EVP, President, Book Clubs) sold 6,500 shares at $43.10 per share price. On Aug 25, 2015, Mae Jemison (director) sold 6,000 shares at $40.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books e-books media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Its Education segment includes the publication and distribution to schools and libraries of children’s books classroom magazines supplemental classroom materials and print and online reference and non-fiction products for grades pre-K to 12 in the United States. Its International segment includes the publication and distribution of products and services outside the United States by its international operations and its export and foreign rights businesses.

Scholastic Corp

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