Scholastic Corporation Q1 Loss Increases, Misses Estimates

(RTTNews) - Scholastic Corporation (SCHL) released Loss for its first quarter that Increased from last year and missed the Street estimates.

The company's bottom line came in at -$71.10 million, or -$2.83 per share. This compares with -$62.50 million, or -$2.21 per share, last year.

Excluding items, Scholastic Corporation reported adjusted earnings of -$63.30 million or -$2.52 per share for the period.

Analysts on average had expected the company to earn -$2.41 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 4.9% to $225.60 million from $237.20 million last year.

Scholastic Corporation earnings at a glance (GAAP) :

-Earnings: -$71.10 Mln. vs. -$62.50 Mln. last year. -EPS: -$2.83 vs. -$2.21 last year. -Revenue: $225.60 Mln vs. $237.20 Mln last year.