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Second quarter results were largely driven by profit improvement in children's books; continued robust performance of Scholastic's new educational technology programs, which were successfully launched over the summer; favorable results in classroom book collections and guided reading initiatives; and growing circulation of the Company's classroom magazines. These results were partially offset by the performance of the International segment where the impact of fluctuations in foreign currency exchange rates more than offset the effect of double-digit revenue growth in Asia.
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- Companies:
- Scholastic Inc.
- Places:
- Asia
- New York City
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