UPDATE: Scholastic Posts Decline In Q2 Profit
Scholastic (NASDAQ: SCHL) reported a drop in its second-quarter profit.
Scholastic's quarterly net income declined to $61.8 million, or $1.89 per share, from $82.8 million, or $2.60 per share, in the year-ago period.
Its revenue dropped to $616.2 million from $685.3 million.
Scholastic shares closed at $29.29 yesterday.
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