Scholastic Corp (SCHL)

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Scholastic Fiscal Q2 GAAP EPS, Revenue Miss Expectations; Shares Slip After-Hours
MT NEWSWIRES 4:18 PM ET 12/17/2020
04:18 PM EST, 12/17/2020 (MT Newswires) -- Scholastic (SCHL) on Thursday reported fiscal Q2 non-GAAP diluted EPS of $1.15, down from $2.06 a year ago.

GAAP EPS declined to $1.02 from $2.02. That missed the $1.38 consensus estimate of analysts polled by Capital IQ.

Revenue in the quarter ended November fell to $406.2 million from $597.2 million. The revenue missed the projection of analysts polled by Capital IQ of $528 million.

The company decided not to issue a financial outlook for the fiscal year 2021 due to the ongoing variability in school instruction patterns and schedules due to the COVID-19 pandemic.

The board maintained a quarterly dividend of $0.15 per share, payable on March 15 to shareholders of record on Jan. 29.

Price: 25.76, Change: -1.15, Percent Change: -4.27