Scholastic Q3 Loss Narrows On Tax Benefit; Reiterates 2014 Outlook
Children's publishing, education and media company Scholastic Corp. (SCHL: Quote) on Thursday reported a loss for the third quarter that narrowed from last year, reflecting a one-time tax benefit.
Revenues for the quarter declined 1 percent, primarily due to lower sales of the company's higher-margin educational technology products. Looking ahead, the company reiterated its financial outlook for fiscal 2014.
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