New York - December 19, 2013 - Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported results for the fiscal 2014 second quarter ended November 30, 2013.
Revenue in the second quarter was $623.2 million, compared to $613.5 million a year ago. The Company reported second quarter earnings per diluted share from continuing operations of $1.80, versus $1.91 in the prior year period. Results for the second quarter of the current fiscal year include one-time expenses of $0.35 per diluted share, which include an impairment charge of $13.4 million, related to goodwill from legacy acquisitions previously made in the Children's Book Publishing and Distribution segment, and $5.5 million of one-time expenses related tocost reduction and restructuring programs. Consolidated earnings per diluted share was $1.80 in the quarter, compared to earnings of $1.89 a year ago.
- Companies:
- Scholastic Inc.
- Places:
- Asia
- New York City