Press Release: Scholastic Reports Fiscal 2015 Third Quarter Results
New York - March 26, 2015 - Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal 2015 third quarter ended February 28, 2015.
Revenue in the third quarter was $382.1 million, compared to $373.5 million a year ago, an increase of 2%. The Company reported a third quarter loss per share of $0.68, versus a loss of $0.38 a year ago, when the Company recorded a one-time tax benefit as a result of a favorable settlement of outstanding federal tax audits. Results for the third quarter of the current fiscal year include one-time expenses of $0.09 per share, which are detailed below. The prior year period included a one-time net benefit of $0.30 per share. Excluding one-time items, third quarter loss per share was $0.59 compared to a loss of $0.68 in the prior year period.