Scholastic jumps on better-than-expected profit, revenue

Scholastic

19/12/2019 21:34

** Shares of Scholastic Corp  SCHL.O , the publisher of the
Harry Potter series in the U.S., up 12.3% at $43.30 aftermarket
    ** Co's Q2 rev. slips 1.2% to $597.2 mln, but beats
Refinitiv estimates, helped in part by growth in its book fairs
business  urn:newsml:reuters.com:*:nPn1WPKGJa
    ** SCHL earns $2.02/shr on an adjusted basis vs. est of
$1.77/shr
    ** Co has beaten rev. 5 times in the past 8 qtrs, and beaten
profit 4 times in the same time
    ** Up to Thursday's close, stock down 2.2% YTD

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))