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UPDATE: Scholastic Posts Decline In Q2 Profit

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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.

Posted-In: profitEarnings News

 

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