Scholastic: Plunges as earnings report makes for bad reading

Scholastic

19/07/2018 18:34

** Publisher's shares  SCHL.O  down 8.8 pct at $42.75 after
Q4 revenue misses estimates for eighth straight quarter
    ** FY19 rev, profit forecasts also below est - per I/B/E/S
    ** Stock is set for worst day in nearly 2-1/2 yrs
    ** Co says year-ago qtr benefited from strong sales of
"Harry Potter and the Cursed Child"  urn:newsml:reuters.com:*:nASC0A8DN  
    ** More than 136k shares traded, ~1.2 times their 25-day
moving avg
    ** Stock has cut gains to ~6.5 pct this year, compared with
~ 13.3 pct rise in Nasdaq index  .IXIC 

 (Reporting by Yadarisa Shabong in Bengaluru)
 ((yadarisa.shabong@thomsonreuters.com))