Scholastic Corp jumps after reporting smaller loss, higher revenue

Scholastic

19/09/2019 21:39

** Shares of publisher of Harry Potter series in the United
States  SCHL.O  rise 10.1% to $41.65 in extended trading
    ** Co's Q1 net loss narrows to $58.5 mln from $61.3 mln a
year earlier  urn:newsml:reuters.com:*:nPn6yqkFya
    ** Revenue rises 6.5% to $232.6 mln
    ** Says co typically reports a loss in its fiscal first
quarter, when most U.S. schools are not in session
    ** Reaffirms prior fiscal 2020 revenue outlook of between
$1.67 bln and $1.70 bln
    ** Up to Thursday's close, stock down 6% YTD

 (Reporting by Debroop Roy in Bengaluru)
 ((Debroop.Roy@thomsonreuters.com))