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Scholastic: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ Scholastic Corp. (SCHL) on Thursday reported fiscal second-quarter net income of $71 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of $2.02. Earnings, adjusted for non-recurring costs, were $2.06 per share.

The publishing, education and media company posted revenue of $597.2 million in the period.

Scholastic expects full-year revenue in the range of $1.67 billion to $1.7 billion.

Scholastic shares have fallen roughly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $38.67, a drop of 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCHL at https://www.zacks.com/ap/SCHL