NEW YORK (AP) _ Scholastic Corp. (SCHL) on Thursday reported a loss of $58.5 million in its fiscal first quarter.
On a per-share basis, the New York-based company said it had a loss of $1.68. Losses, adjusted for non-recurring costs, were $1.59 per share.
The publishing, education and media company posted revenue of $232.6 million in the period.
Scholastic expects full-year revenue in the range of $1.67 billion to $1.7 billion.
Scholastic shares have dropped slightly more than 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.68, a decrease of 11% in the last 12 months.