Harry Potter publisher Scholastic charms investors on results beat

Scholastic

20/12/2019 16:58

** Shares of Harry Potter's U.S. publisher  SCHL.O  jump as
much as 18% to a year high of $45.8
    ** Last up 8%, set for their best day since Sept. 2018, if
gains hold
    ** Company's Q2 rev. slips 1.2% to $597.2 mln, but beats
expectations, helped in part by growth in its book fairs
business 
    ** Posts adj. EPS of $2.06/shr, higher than analysts' est.
of $1.77/shr
    ** SCHL rev. beats for third-consecutive qtr; EPS tops for
second-straight qtr
    ** Stock up 2.3% so far this year

 (Reporting by C Nivedita in Bengaluru)