UPDATE: Scholastic Posts Narrower FQ1 Loss
Scholastic (NASDAQ: SCHL) posted a narrower fiscal first-quarter loss.
Scholastic reported a quarterly loss of $29.9 million, or $0.94 per share, versus a year-ago loss of $32.1 million, or $1.02 per share. Excluding one-time items, it lost $0.90 per share.
Its revenue declined 5.8% to $276.3 million.
Scholastic shares closed at $30.55 yesterday.
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