Scholastic slides on second-quarter results miss

Scholastic

19/12/2024 21:35

** Shares of publishing firm Scholastic  SCHL.O  fall 11.3%
to $22.03 after the bell
    ** SCHL reports Q2 rev of $544.6 mln vs estimates of ~$554
mln, per data compiled by LSEG
    ** Reports Q2 adj profit of $1.82/shr vs estimates of
$2.30/shr
    ** Co reaffirmed FY25 outlook; upsized credit facility to
$400 mln
    ** Up to Thursday's close, SCHL is down 34.1% YTD

 (Reporting by Rishi Kant in Bengaluru)
 ((Rishi.Kant@thomsonreuters.com))