Press Release: Scholastic Reports Fiscal 2015 Third Quarter Results
Revenue Grows 7% in Children’s Books and Classroom Books in Quarter
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The year-over-year improvement in third quarter operating results was largely driven by stronger sales in children's books, especially in the Company's school-based distribution channels, higher circulation of the Company's classroom magazines, and increased sales of the Company's classroom books and literacy initiatives. These gains were partially offset by the adverse effect of foreign exchange on the Company's international business, as well as lower sales in the Company's educational technology and services business and reduced local currency revenues in the United Kingdom and Canada.
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- Scholastic Inc.
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