Press Release: Scholastic Reports First Quarter Fiscal 2015 Results
New York - September 25, 2014 - Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported results for the Company's fiscal 2015 first quarter ended August 31, 2014.
Revenue in the first quarter was $283.8 million, compared to $276.3 million a year ago, an increase of $7.5 million, or 3%. The Company reported first quarter loss per share of $1.05, versus a loss per share of $0.94 in the prior year period. Results for the first quarter of fiscal 2015 included one-time expenses of $0.02 per share related to severance as a result of the Company's cost reduction programs. The prior year period included one-time expenses of $0.04 per share. Scholastic typically records a loss in its fiscal first quarter, when most U.S. schools are not in session.