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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Classroom and Supplemental Materials Publishing. Segment revenue in the quarter increased 7% to $49.1 million, compared to $46.0 million in the prior year period, as a result of higher circulation and increased pricing in classroom magazines and higher sales of the Company's guided reading and other classroom book collections, which were partially offset by lower sales in the Company's teaching resources business and its library publishing division. Segment operating income was $3.4 million, versus $2.1 million in the prior year period, an increase of 62%, primarily due to the higher circulation in classroom magazines.
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