Brief: Scholastic Reports Fiscal 2021 First Quarter Results

Scholastic

24/09/2020 21:05

Sept 24 (Reuters) - Scholastic Corp  SCHL.O :
    * SCHOLASTIC REPORTS FISCAL 2021 FIRST QUARTER RESULTS
    * Q1 LOSS PER SHARE $1.16
    * Q1 REVENUE FELL 7 PERCENT TO $215.2 MILLION
    * Q1 LOSS PER SHARE $0.90 EXCLUDING ITEMS
    * SUBSTANTIALLY COMPLETED WORK ON LOWERING ITS COST BASE BY
$100
MILLION
    * NOT PROVIDING A FINANCIAL OUTLOOK FOR FISCAL YEAR 2021.
    * BELIEVES THAT A SIGNIFICANT PORTION OF COST SAVINGS, NEW
MEASURES, SHOULD CONTINUE TO FAVORABLY IMPACT FUTURE PERIOD
RESULTS
    * OUTLOOK FOR TRADE AND EDUCATION BUSINESSES REMAINS
POSITIVE FOR
FISCAL 2021
    * BELIEVES THAT BUSINESS CONDITIONS SHOULD IMPROVE IN H2 OF
ITS
FISCAL YEAR

Source text for Eikon:  ID:nPn18XMZ1a 
Further company coverage:  SCHL.O 

 ((Reuters.Briefs@thomsonreuters.com;))