Scholastic Stock (NASDAQ:SCHL), Trade Ideas

Scholastic

Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. The company is one of the world's largest publishers of children's books and also owns exclusive rights to various books, including Harry Potter and The Hunger Games. Some of the company's original titles include Clifford the Big Red Dog, Goosebumps, and The Magic School Bus. It has three reportable segments Children's Book Publishing and Distribution, Education Solutions and International. It majority of its revenue is from the Children's Book Publishing and Distribution segment.

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Shares of Quanex Building Products Corporation (NYSE: NX) moved lower during Friday’s session after the company reported fourth-quarter financial results.

Quanex Building Products shares fell 10.7% to $30.95 on Friday.

Why Quanex Building Products Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Stocks appear on track for their 7th session of gains with the momentum accelerating as the typically strong year-end approaches.

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Scholastic Corp

Schlumberger Ltd

Scholastic- Entered Into Share Repurchase Agreement Dated As Of Apr 18. To Purchase 400K Shares Of Common Stock From Estate Of M. Richard Robinson, Jr.

<h3>Gainers</h3>
<ul>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) stock moved upwards by 7.0% to $0.17 during Thursday's after-market session. The market value of their outstanding shares is at $5.3 million. </li>
<li>Collective Audience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAUD#NASDAQ">CAUD</a>) stock rose 6.64% to $0.77. The market value of their outstanding shares is at $10.5 million. </li>
<li>Pop Culture Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPOP#NASDAQ">CPOP</a>) shares increased by 6.23% to $3.41. The market value of their outstanding shares is at $8.3 million. </li>
<li>Grom Social Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) stock rose 5.21% to $1.0. The company's market cap stands at $1.9 million. </li>
<li>Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) shares rose 4.83% to $0.16. The market value of their outstanding shares is at $5.3 million. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock moved upwards by 4.04% to $0.86. The market value of their outstanding shares is at $24.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) shares decreased by 5.1% to $35.96 during Thursday's after-market session. The market value of their outstanding shares is at $1.0 billion. As per the press release, Q3 earnings came out today. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) stock fell 5.07% to $0.45. The market value of their outstanding shares is at $1.7 million. </li>
<li>iHeartMedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IHRT#NASDAQ">IHRT</a>) shares declined by 4.98% to $1.91. The company's market cap stands at $276.4 million. </li>
<li>Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) shares decreased by 4.45% to $27.52. The market value of their outstanding shares is at $392.7 million. As per the news, the Q4 earnings report came out today. </li>
<li>LiveOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVO#NASDAQ">LVO</a>) stock decreased by 3.91% to $1.97. The market value of their outstanding shares is at $174.0 million. </li>
<li>EchoStar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) shares declined by 3.85% to $13.6. The company's market cap stands at $3.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Thursday's After-Market Session

Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) reported its Q3 earnings results on Thursday, March 21, 2024 at 04:01 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Scholastic missed estimated earnings by 0.0%, reporting an EPS of $-0.8 versus an estimate of $-0.8.
Revenue was down $1.20 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.2 which was followed by a 12.0% drop in the share price the next day.

To track all earnings releases for Scholastic <a href="https://www.benzinga.com/quote/SCHL/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Scholastic: Q3 Earnings Insights

Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) reported quarterly losses of $(0.80) per share which met the analyst consensus estimate. This is a 40.35 percent decrease over losses of $(0.57) per share from the same period last year. The company reported quarterly sales of $323.70 million which missed the analyst consensus estimate of $329.21 million by 1.67 percent. This is a 0.37 percent decrease over sales of $324.90 million the same period last year.

Scholastic Q3 Adj EPS $(0.80), Inline, Sales $323.70M Miss $329.21M Estimate

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&bull; Creative Realities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREX#NASDAQ">CREX</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $16.47 million.
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&bull; Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) is expected to report quarterly earnings at $2.29 per share on revenue of $1.79 billion.
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&bull; HireQuest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQI#NASDAQ">HQI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $8.60 million.
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&bull; Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $65.95 million.
&bull; TELA Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELA#NASDAQ">TELA</a>) is expected to report quarterly loss at $0.43 per share on revenue of $16.39 million.
&bull; One Stop Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSS#NASDAQ">OSS</a>) is projected to report quarterly loss at $0.04 per share on revenue of $13.01 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 21, 2024

Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-21. Here's what investors need to know before the announcement.
Analysts estimate that Scholastic will report an earnings per share (EPS) of $-0.80. 
Scholastic bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.20, which was followed by a 11.62% drop in the share price the next day.
Here's a look at Scholastic's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.65</td>
<td>-1.2</td>
<td>1.70</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.45</td>
<td>-2.2</td>
<td>2.26</td>
<td>-0.57</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-12.0%</td>
<td>-13.0%</td>
<td>11.0%</td>
<td>-22.0%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Scholastic were trading at $36.73 as of March 19. Over the last 52-week period, shares are down 11.65%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/SCHL/earnings">To track all earnings releases for Scholastic visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Scholastic's Earnings

Scholastic (NASDAQ:&nbsp;SCHL), the global children&#39;s publishing, education and media company, today announced it has signed a definitive agreement to invest in 9 Story Media Group. Through the investment, Scholastic will acquire&nbsp;100%&nbsp;of the economic interest in and a minority of voting rights in 9 Story Media Group (&quot;9 Story&quot;), a leading independent creator, producer and distributor of premium children&#39;s content, for approximately USD&nbsp;$186 million, subject to customary closing adjustments.

Scholastic Invests $186M in 9 Story Media Group to Enhance Children's Content Portfolio

Management

Scholastic And Peter Warwick, CEO And President, Mutually Agree To Extend  Term Of His Employment For Additional One-year Period, Namely From August 1, 2024 Through July 31, 2025 - Filing

On January 16, it was revealed in an SEC filing that Andrew S. Hedden Esq., EVP at Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) executed a significant exercise of company stock options.
What Happened: Esq., EVP at Scholastic, exercised stock options for 23,289 shares of SCHL stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000866729/000141588924001082//Archives/edgar/data/866729/000141588924001082/0001415889-24-001082-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The exercise price of the options was $30.17 per share.
Scholastic shares are trading down 0.0% at $37.24 at the time of this writing on Wednesday morning. Since the current price is $37.24, this makes Esq.'s 23,289 shares worth $164,653.
<h3>Get to Know Scholastic Better</h3>
Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. The company is one of the world's largest publishers of children's books and also owns exclusive rights to various books, including Harry Potter and The Hunger Games. Some of the company's original titles include Clifford the Big Red Dog, Goosebumps, and The Magic School Bus. It has three reportable segments Children's Book Publishing and Distribution, Education Solutions and International. It majority of its revenue is from the Children's Book Publishing and Distribution segment.
<h3>Understanding the Numbers: Scholastic's Finances</h3>
Revenue Challenges: Scholastic's revenue growth over 3 months faced difficulties. As of 30 November, 2023, the company experienced a decline of approximately -4.3%. This indicates a decrease in top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 58.39%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Scholastic's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 2.51.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.11, Scholastic adopts a prudent financial strategy, indicating a balanced approach to debt management.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 21.4, Scholastic's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.75 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 7.78 reflects market recognition of Scholastic's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000866729">Check Out The Full List Of Scholastic's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Options Exercise: Andrew S. Hedden Esq. At Scholastic Realizes $164K

Scholastic Appoints Haji Glover As Vice President And CFO; Succeeds Ken Cleary Effective Jan. 22

Shares of Quanex Building Products Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nx#NYSE">NX</a>) moved lower during Friday&rsquo;s session after the company reported fourth-quarter financial results.
Quanex Building Products shares fell 10.7% to $30.95 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Getaround, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/getr#NYSE">GETR</a>) shares climbed 128.3% to $0.3767 after the company reported a year-over-year increase in third-quarter financial results.</li>
<li>Battalion Oil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/batl#NYSE">BATL</a>) gained 81.4% to $9.57 after the company announced it will be acquired by Fury Resources.</li>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) shares climbed 61.7% to $0.2749 after the company and Arrive Technology announced an agreement and plan of merger.</li>
<li>Brilliant Acquisition Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brli#NASDAQ">BRLI</a>) shares gained 60.2% to $10.25.</li>
<li>Elevai Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elab#NASDAQ">ELAB</a>) gained 32.4% to $2.41.</li>
<li>NCS Multistage Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncsm#NASDAQ">NCSM</a>) rose 31.7% to $18.49. NCS Multistage Holdings said that its subsidiary has settled outstanding litigation with Boyd &amp; McWilliams.</li>
<li>iCoreConnect Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icct#NASDAQ">ICCT</a>) surged 31.6% to $1.29.</li>
<li>Verrica Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrca#NASDAQ">VRCA</a>) gained 27% to $4.7764. Verrica Pharmaceuticals&#39; development and commercialization partner Torii Pharmaceutical revealed positive top-line results from confirmatory Phase 3 trial of TO-208 for the treatment of molluscum contagiosum in Japan.</li>
<li>loanDepot, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldi#NYSE">LDI</a>) gained 23% to $3.3134.</li>
<li>Netcapital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncpl#NASDAQ">NCPL</a>) shares rose 21.2% to $0.42 following second-quarter results.</li>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) gained 20% to $1.8001. La Rosa Holdings acquired a 100% interest in the company&rsquo;s franchisee - La Rosa Realty CW Properties in Longwood, Florida.</li>
<li>Genius Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gns#NYSE">GNS</a>) rose 19% to $0.7025. Genius Group expects full year 2023 revenue in the range of $27 million-$29 million.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrpx#NASDAQ">VRPX</a>) rose 18.2% to $0.1791 after falling 35% on Thursday.</li>
<li>Near Intelligence, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nir#NASDAQ">NIR</a>) gained 16.3% to $0.0857 after gaining over 5% on Thursday.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hscs#NASDAQ">HSCS</a>) gained 13.8% to $0.1791 following second-quarter results.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 13.1% to $38.12. ATN International Board of Directors expanded share repurchase program to $25 million and increased dividend from $0.21 to $0.24 per share.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>) surged 10.4% to $9.02.</li>
<li>Context Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cntx#NASDAQ">CNTX</a>) gained 9.5% to $1.03.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Chanson International Holding (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chsn#NASDAQ">CHSN</a>) fell 78% to $3.24.</li>
<li>Inno Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inhd#NASDAQ">INHD</a>) shares fell 72.8% to $3.78 after jumping over 246% on Thursday. The company priced its IPO at $4 per share.</li>
<li>Aadi Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aadi#NASDAQ">AADI</a>) shares fell 56.4% to $2.3450 after the company reported interim results from the PRECISION1 trial of nab-sirolimus.</li>
<li>Mangoceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgrx#NASDAQ">MGRX</a>) fell 40.4% to $0.3101 after declining around 10% on Thursday.</li>
<li>Northann Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ncl#NYSE">NCL</a>) fell 40.4% to $6.68.</li>
<li>Aileron Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alrn#NASDAQ">ALRN</a>) shares fell 38% to $3.33 after jumping 115% on Thursday.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eose#NASDAQ">EOSE</a>) fell 35.8% to $1.0784 after the company reported pricing of $50 million public offering.</li>
<li>Aurora Technology Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atak#NASDAQ">ATAK</a>) fell 26.7% to $7.70.</li>
<li>Cingulate Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cing#NASDAQ">CING</a>) fell 25.5% to $2.1522. On Dec 13, Cingulate&#39;s Louis G. Van Horn, Chief Financial Officer, retired from the company.</li>
<li>Freight Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frgt#NASDAQ">FRGT</a>) fell 25% to $0.45. Freight Technologies shares jumped 122% on Thursday after the company announced Amazon Mexico renewed its selection of Fr8App for its logistical solutions.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) dipped 16% to $6.00.</li>
<li>Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) fell 11.8% to $36.59 after the company posted weaker-than-expected results for its second quarter. The company&rsquo;s board also approved an additional $66 million for share repurchases.</li>
<li>New York Mortgage Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nymt#NASDAQ">NYMT</a>) declined 11.5% to $8.48.</li>
<li>Indivior PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indv#NASDAQ">INDV</a>) fell 9.6% to $14.81.</li>
<li>Genelux Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnlx#NASDAQ">GNLX</a>) fell 9.3% to $13.43.</li>
<li>SomaLogic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slgc#NASDAQ">SLGC</a>) fell 9% to $2.1910. Nautilus Biotechnology filed suit in US District Court against SomaLogic and California Institute of Technology seeking declaratory judgment that the company does not infringe any claims of US Patent No. 7,842,793 related to DNA origami structures.</li>
<li>Hovnanian Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hov#NYSE">HOV</a>) declined 7% to $149.76.</li>
</ul>
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Why Quanex Building Products Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

WIIM

Scholastic shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its 2024 adjusted EBITDA guidance.

Shares of Getaround, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/getr#NYSE">GETR</a>) rose sharply in pre-market trading after the company reported a year-over-year increase in third-quarter financial results.
Getaround posted a quarterly loss of 29 cents per share, versus a year-ago loss of $1.3 per share. The company&rsquo;s sales came in at $23.80 million, up from $16.74 million in the year-earlier quarter.
Getaround shares jumped 86.1% to $0.3071 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Brilliant Acquisition Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brli#NASDAQ">BRLI</a>) shares gained 71.8% to $11.00 in pre-market trading.</li>
<li>Near Intelligence, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nir#NASDAQ">NIR</a>) gained 36.4% to $0.1006 in pre-market trading after gaining over 5% on Thursday.</li>
<li>Chavant Capital Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clay#NASDAQ">CLAY</a>) shares gained 31.4% to $14.61 in pre-market trading. Mobix Labs, Inc. and Chavant Capital Acquisition Corp. announced effectiveness of registration statement on Form S-4.</li>
<li>i-80 Gold Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iaux#NYSE">IAUX</a>) shares climbed 27.2% to $2.20 in pre-market trading after surging over 10% on Thursday.</li>
<li>Netcapital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncpl#NASDAQ">NCPL</a>) shares rose 27.2% to $0.4407 in pre-market trading following second-quarter results.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hscs#NASDAQ">HSCS</a>) gained 20.8% to $0.19 in pre-market trading following second-quarter results.</li>
<li>Solo Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dtc#NYSE">DTC</a>) gained 17.3% to $6.50 in pre-market trading.</li>
<li>Assure Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ionm#NASDAQ">IONM</a>) shares surged 16.2% to $0.42 in pre-market trading after falling 9% on Thursday.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrpx#NASDAQ">VRPX</a>) rose 10% to $0.2850 in pre-market trading after falling 35% on Thursday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Aadi Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aadi#NASDAQ">AADI</a>) shares fell 45.3% to $2.94 in pre-market trading after the company reported interim results from PRECISION1 trial of nab-sirolimus demonstrating anti-tumor activity in solid tumors with TSC1 or TSC2 inactivating alterations.</li>
<li>Lufax Holding Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lu#NYSE">LU</a>) shares fell 44.5% to $2.11 in pre-market trading.</li>
<li>Inno Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inhd#NASDAQ">INHD</a>) shares fell 36.4% to $8.82 in pre-market trading after jumping over 246% on Thursday. The company priced its <a href="https://www.benzinga.com/news/ipos">IPO</a> at $4 per share.</li>
<li>Mangoceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgrx#NASDAQ">MGRX</a>) fell 35.4% to $0.3360 in pre-market trading after declining around 10% on Thursday.</li>
<li>Palatin Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ptn#NYSE">PTN</a>) shares fell 26.1% to $1.95 in pre-market trading.</li>
<li>Aileron Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alrn#NASDAQ">ALRN</a>) shares fell 20.5% to $4.27 in pre-market trading after jumping 115% on Thursday.</li>
<li>Freight Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frgt#NASDAQ">FRGT</a>) fell 19.8% to $0.4804 in pre-market trading. Freight Technologies shares jumped 122% on Thursday after the company announced Amazon Mexico renewed its selection of Fr8App for its logistical solutions.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eose#NASDAQ">EOSE</a>) fell 19.5% to $1.35 in pre-market after the company reported pricing of $50 million public offering.</li>
<li>Ensysce Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ensc#NASDAQ">ENSC</a>) shares fell 17% to $0.8549 in pre-market trading. Ensysce Biosciences recently announced a recent study demonstrating efficacy data for PF614.</li>
<li>Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) fell 12.6% to $36.20 in pre-market trading after the company posted weaker-than-expected results for its second quarter. The company&rsquo;s board also approved an additional $66 million for share repurchases.</li>
</ul>
&nbsp;
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<h3>Gainers</h3>
<ul>
<li>Fluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNT#NASDAQ">FLNT</a>) stock increased by 30.8% to $0.76 during Friday's pre-market session. The market value of their outstanding shares is at $61.6 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares moved upwards by 19.6% to $0.52. The market value of their outstanding shares is at $7.2 million. </li>
<li>NextPlay Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTP#NASDAQ">NXTP</a>) stock increased by 13.7% to $1.41. The company's market cap stands at $8.4 million. </li>
<li>Charge Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGE#NASDAQ">CRGE</a>) shares increased by 13.63% to $0.12. The company's market cap stands at $26.8 million. </li>
<li>Able View Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABLV#NASDAQ">ABLV</a>) stock increased by 7.18% to $3.28. The market value of their outstanding shares is at $138.9 million. </li>
<li>Qwest Corporation 6.5% Notes due 2056 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTBB#NYSE">CTBB</a>) shares increased by 6.58% to $10.68. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Troika Media Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRKA#NASDAQ">TRKA</a>) shares fell 17.0% to $0.19 during Friday's pre-market session. The market value of their outstanding shares is at $3.1 million. </li>
<li>Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) stock decreased by 10.85% to $36.98. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock fell 9.43% to $1.25. The market value of their outstanding shares is at $66.0 million. </li>
<li>LiveOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVO#NASDAQ">LVO</a>) shares declined by 5.83% to $1.05. The company's market cap stands at $92.3 million. </li>
<li>Treasure Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) stock fell 5.3% to $0.1. The company's market cap stands at $5.2 million. </li>
<li>MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) shares decreased by 4.91% to $1.94. The market value of their outstanding shares is at $74.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABLV

ASST

CRGE

CTBB

FLNT

HRYU

NXTP

TRKA

12 Communication Services Stocks Moving In Friday's Pre-Market Session

Stocks are poised for a seventh consecutive session of gains on Friday, driven by the traditional year-end <a href="http://benzinga.com/analyst-ratings/analyst-color/23/12/36057917/will-novembers-turkey-rally-set-stage-for-decembers-santa-claus-rally-for-stocks(opens%20in%20a%20new%20tab)">Santa Claus rally</a>. As the market eyes potential robust gains in the remaining nine sessions of the year, the upcoming quadruple witching session introduces an element of volatility, given the simultaneous expiration of index futures, index options, stock options, and single stock futures.
Traders will closely monitor economic data on manufacturing activity and industrial production to validate the Federal Reserve&#8217;s signaled soft-landing after its December meeting.
Cues From Thursday's Session:
Traders exhibited optimism about the economy avoiding a hard landing. The major averages opened higher, fueled by stronger-than-expected retail sales growth reported by the Commerce Department. Weekly jobless claims were roughly in line with expectations. Although the averages dipped below the flat line in the late afternoon, they recovered and closed moderately higher.
Energy stocks led the advance, and interest rate-sensitive sectors, including real estate, financials, industrials, and consumer discretionary stocks, also posted gains. Conversely, defensive utility stocks experienced a notable retreat.&nbsp;
 US Index Performance On Thursday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index </td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.19%</td>
<td>14,761.56</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.26%</td>
<td>4,719.55</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.43%</td>
<td>37,248.35</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+2.72%</td>
<td>2,000.51</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
Looking ahead into 2024, the S&amp;P 500 Index will likely end the year between 4,700 and 4,800, says Commonwealth Financial Network, a Waltham, Massachusetts-based financial advisor. S&amp;P 500 earnings will likely grow in the mid-single-digit range in the new year, the firm said. 
&#8220;Based on valuations, the more attractive asset classes are those that have underperformed over the last few years: value, small-cap, and international,&#8221; the firm said. It, however, cautioned of clouds on the fundamental horizon for these stocks.
&#8220;So, while large-cap growth is more expensive compared with other asset classes and historical valuations, we believe it has a more solid foundation, especially when you factor in the outlook for artificial intelligence, which is revolutionizing the technology sector,&#8221; it added.
Fund Strat&#8217;s Tom Lee, while appearing on CNBC&#8217;s Last Call on Thursday, said small-cap stocks could outperform in 2024 as the Fed begins cutting rates. He predicted that the new year could see the Russell 2000 hitting 3,000 from the its current level.
Futures Today
 Futures Performance On Friday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.37%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.30%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.31%</td>
</tr>
<tr>
<td>R2K</td>
<td>+1.02%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.24% to $471.22 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.33% to $404.73, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
Traders will get their first glimpse into the state of the manufacturing sector in December, with the results of the New York Federal Reserve&#8217;s regional manufacturing survey. The business conditions index based on the survey is expected to come in at 2 for December, down from 10.1 in November. A reading above &#8220;0&#8221; suggests expanding activity. The data is due out at 8:30 a.m. ET.
The Federal Reserve will release its industrial output report for November at 9:15 a.m. ET. Economists, on average, expect, industrial production growth of 0.3% month-over-month, reversing the 0.6% drop in October. The rebound will likely be helped by a recovery in manufacturing output, which is expected to increase by 0.4% following October&#8217;s 0.7% drop.
S&amp;P Global&#8217;s flash private sector activity data is scheduled to be out at 9:45 a.m. ET. The manufacturing purchasing managers&#8217; index is likely to have edged down from 49.4 in November to 49.3 in December, suggesting continued contraction. The services PMI is expected at 50.6, down from November&#8217;s 50.8.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) rose over 1.30% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the release of its quarterly results. The company also announced a $15 per share cash dividend.</li>
<li>Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) declined more than 3% despite reporting better-than-expected quarterly earnings.</li>
<li>Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) plunged nearly 13% following its disappointing quarterly results.</li>
<li>Chinese stocks, led by Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) rallied on stimulus hope set in motion by mixed Chinese economic data.</li>
<li>Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is scheduled to report its <a href="https://www.benzinga.com/calendars/earnings">quarterly results before the market open.</a></li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures rose 0.46% to $71.91 in early European session on Friday, tacking onto its 3%+ rally on Thursday. Oil&#8217;s rally came on the back on strong economic data that triggered concerns regarding a potential demand-supply imbalance.
The benchmark 10-year Treasury note fell 0.012 percentage points to 3.917% on Thursday.
Most major Asian markets advanced on Friday, with the exception of the Chinese, Singaporean and New Zealand markets. The optimism on Wall Street pervaded into the markets in the region, while China stumbled under the weight of mixed economic data.
European stocks traded higher by late-morning trading on Friday.&#8217;
Read Next: <a href="https://www.benzinga.com/markets/equities/23/12/36246830/santa-rally-boosts-real-estate-stocks-5-etf-picks-to-ride-the-fed-rate-cut-wave">Santa Rally Boosts Real Estate Stocks: 5 ETF Picks To Ride The Fed Rate Cut Wave</a>

US Stocks Set To Gain For 7th Session On Small-Caps Strength, But Traders Wary Of Volatility From 'Quadruple Witching'

U.S. stock futures were higher this morning, with the Dow Jones futures gaining over 100 points on Friday.
Shares of Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) shares fell sharply in pre-market trading after the company posted weaker-than-expected <a href="https://www.benzinga.com/news/earnings/23/12/36248298/scholastics-q2-earnings-and-outlook-disappoint-stock-tumbles-after-hours">results for its second quarter</a>.
Scholastic reported adjusted quarterly earnings of $2.45 per share, missing the Street&#39;s estimate of $2.65. Quarterly revenue of $562.60 million also fell below analyst expectations of $625.22 million.
Scholastic sees full-year 2024 adjusted EBITDA between $165 million and $175 million, versus the previous estimate of between $190 million and $200 million. The company&rsquo;s board also approved an additional $66 million for share repurchases.
Scholastic shares dipped 12.6% to $36.20 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Lufax Holding Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lu#NYSE">LU</a>) shares tumbled 44.5% to $2.11 in pre-market trading.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eose#NASDAQ">EOSE</a>) declined 19.5% to $1.35 in pre-market after the company reported pricing of $50 million public offering.</li>
<li>Ready Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rc#NYSE">RC</a>) shares fell 5.4% to $10.85 in pre-market trading. Ready Capital declared a quarterly cash dividend of 30 cents per share of common stock.</li>
<li>Sumitomo Mitsui Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smfg#NYSE">SMFG</a>) fell 4.1% to $9.57 in pre-market trading.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/edu#NYSE">EDU</a>) shares declined 3.6% to $76.58 in pre-market trading.</li>
<li>Lennar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/len#NYSE">LEN</a>) shares fell 3.3% to $149.77 in pre-market trading. Lennar posted better-than-expected earnings for its fourth quarter on Thursday. The company also said it sees net orders of 17,500-18,000 for the current quarter.</li>
<li>Hawaiian Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ha#NASDAQ">HA</a>) shares declined 3% to $13.21 in pre-market trading.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36237113/top-4-energy-stocks-which-could-rescue-your-portfolio-this-month"> Top 4 Energy Stocks Which Could Rescue Your Portfolio This Month</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

New Oriental Education & Technology Group

SMFG

Scholastic Posts Downbeat Earnings, Joins Lennar And Other Big Stocks Moving Lower In Friday's Pre-Market Session

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Darden Restaurants, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dri#NYSE">DRI</a>) to report quarterly earnings at $1.74 per share on revenue of $2.74 billion before the opening bell. Darden shares rose 0.6% to $164.00 in after-hours trading.
Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) posted upbeat earnings for its first quarter and announced a special cash dividend of $15 per share. Costco shares rose 1.3% to $639.00 in the after-hours trading session.
Lennar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/len#NYSE">LEN</a>) posted better-than-expected earnings for its fourth quarter on Thursday. The company also said it sees net orders of 17,500-18,000 for the current quarter. Lennar shares fell 3.1% to $150.00 in the after-hours trading session.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) posted weaker-than-expected results for its second quarter. The company&rsquo;s board also approved an additional $66 million for share repurchases. Scholastic shares fell 12% to $36.50 in the after-hours trading session.
Analysts expect Red Cat Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcat#NASDAQ">RCAT</a>) to post a quarterly loss at 7 cents per share on revenue of $3.00 million. The company will release earnings after the markets close. Red Cat shares gained 6% to $0.62 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36237113/top-4-energy-stocks-which-could-rescue-your-portfolio-this-month"> Top 4 Energy Stocks Which Could Rescue Your Portfolio This Month </a>

RCAT

Costco, Darden Restaurants And 3 Stocks To Watch Heading Into Friday

Scholastic Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) shares are trading lower in Thursday&#39;s after-hours session following the company&#39;s worse-than-expected second-quarter financial results. Here&#39;s a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/n36246929/scholastic-reports-fiscal-2024-second-quarter-results" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">summary</a>.
What To Know:&nbsp;Scholastic reported adjusted quarterly earnings of $2.45 per share, missing the Street&#39;s estimate of $2.65, an increase of 16% compared to the same period last year.
Quarterly revenue of $562.60 million also fell below analyst expectations of $625.22 million, representing a decline of 4% compared to the same period last year.
While revenues decreased, mainly due to &quot;reduced, more targeted promotional spending and the elimination of unprofitable orders in Book Clubs,&quot; profits improved, with operating income growing $1.2 million from $100.1 million a year ago.
Also, the company&#39;s Board approved an additional $66 Million for share repurchases.
Scholastic sees full-year 2024 adjusted EBITDA between $165 million and $175 million, versus the previous estimate of between $190 million and $200 million. The company anticipates full-year revenue to be approximately level with or slightly below the prior year versus growth of 3% to 5% estimated previously.
Peter Warwick, President and CEO, said, &quot;During the seasonally important, back-to-school second quarter, Scholastic delivered again on its mission and long-term opportunity as we face a currently complex environment in U.S. schools. School Book Fairs achieved higher fair count and solid second quarter sales, and we began the process of strategically repositioning our School Book Clubs as part of the integrated School Reading Events business.&quot;
&quot;Education sales remained stable, reflecting Scholastic&#39;s unique ability to support literacy by providing children access to engaging book collections through our state and district partnerships. We also continued to invest in our strategy to drive long-term growth and shareholder value. We returned over $58 million to shareholders through share buybacks and our dividend.&quot;
Related Link:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/12/36246204/why-charles-schwab-stock-gained-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Charles Schwab Stock Gained Today</a>
SCHL Price Action:&nbsp;Shares of SCHL were down 11.3% at $36.81 in the after-hours session at the time of publication, according to&nbsp;<a class="editor-rtfLink" href="http://pro.benzinga" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Benzinga Pro</a>.
Image by&nbsp;<a class="editor-rtfLink" href="https://pixabay.com/users/10302144-10302144/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4793110" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">10302144</a>&nbsp;from&nbsp;<a class="editor-rtfLink" href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4793110" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Pixabay</a>

Guidance

Buybacks

After-Hours Center

Scholastic's Q2 Earnings And Outlook Disappoint - Stock Tumbles After-Hours

<h3>Gainers</h3>
<ul>
<li>Fluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNT#NASDAQ">FLNT</a>) shares rose 19.0% to $0.69 during Thursday's after-market session. The company's market cap stands at $56.0 million. </li>
<li>MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) stock rose 6.86% to $2.18. The market value of their outstanding shares is at $84.0 million. </li>
<li>PLAYSTUDIOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYPS#NASDAQ">MYPS</a>) stock increased by 4.67% to $2.8. The company's market cap stands at $375.2 million. </li>
<li>CuriosityStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURI#NASDAQ">CURI</a>) stock rose 3.5% to $0.58. The company's market cap stands at $31.0 million. </li>
<li>Troika Media Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRKA#NASDAQ">TRKA</a>) shares moved upwards by 3.42% to $0.23. The company's market cap stands at $3.8 million. </li>
<li>FingerMotion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNGR#NASDAQ">FNGR</a>) stock rose 3.38% to $4.27. The company's market cap stands at $224.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) shares declined by 10.9% to $36.94 during Thursday's after-market session. The market value of their outstanding shares is at $1.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) shares decreased by 5.0% to $0.27. The market value of their outstanding shares is at $8.4 million. </li>
<li>GD Culture Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) stock declined by 4.66% to $2.71. The company's market cap stands at $12.1 million. </li>
<li>VS Media Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) shares declined by 3.79% to $0.52. The company's market cap stands at $11.4 million. </li>
<li>So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) shares decreased by 3.63% to $1.33. The market value of their outstanding shares is at $130.9 million. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock declined by 3.63% to $1.33. The market value of their outstanding shares is at $70.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CURI

FNGR

MYPS

VSME

Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) reported its Q2 earnings results on Thursday, December 14, 2023 at 04:01 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Scholastic missed estimated earnings by 7.55%, reporting an EPS of $2.45 versus an estimate of $2.65.
Revenue was down $25.30 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $1.0 which was followed by a 13.22% drop in the share price the next day.

To track all earnings releases for Scholastic <a href="https://www.benzinga.com/quote/SCHL/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Scholastic Q2 Earnings

Scholastic buying children's studio 9 Story for $186M

Scholastic Stock: Back To School

Scholastic declares $0.20 dividend

Scholastic GAAP EPS of -$0.91 misses by $0.11, revenue of $323.7M misses by $5.51M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Scholastic (NASDAQ:<a href="https://investorplace.com/stock-quotes/schl-stock-quote/">SCHL</a>) just reported results for the third quarter of 2024.<ul><li>Scholastic reported earnings per share of -80 cents. This met the analyst estimate for EPS of -80 cents.</li><li>The company reported revenue of $323.70 million.</li><li>This was 1.67% worse than the analyst estimate for revenue of $329.21 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/schl-stock-earnings-scholastic-for-q3-of-2024/">SCHL Stock Earnings: Scholastic Meets EPS, Misses Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SCHL Stock Earnings: Scholastic Meets EPS, Misses Revenue for Q3 2024

Scholastic Corporation (SCHL) Q3 2024 Earnings Call Transcript

Dividend Roundup: JPMorgan Chase, Starbucks, CVS Health, Mondelez, and more

Scholastic Corp. (SCHL) just unveiled an announcement. On March 12, 2024, stockholders of a company expanded its Board of Directors to eleven membe...

Scholastic Corp Expands Board, Elects Two Education Veterans

Small and midcap pair trades for every sector - Oppenheimer

Warning: SCHL is at high risk of performing badly

ACHC

AMSF

ATEN

CELH

ESTC

EVER

FITB

FTDR

HWKN

INSP

MDLZ

NBIX

OLLI

OTTR

PARR

PECO

PETQ

SAIA

SBUX

SPMD

TBLA

USNA

VMEO

Press Releases

Join a Community of Readers Worldwide this Season and Make Interactive Read-Alouds with Authors a Weekly Routine with Scholastic's Storyvoice

Entertainment

General

"CHRISTMAS AT HOGWARTS" ILLUSTRATED BOOK WITH FESTIVE ARTWORK FOR CHILDREN AND FAMILIES TO BE PUBLISHED BY SCHOLASTIC IN THE U.S. AND IN 31 COUNTRIES WORLDWIDE ON OCTOBER 15, 2024