Scholastic's Fourth-Quarter Financial Performance Revealed

Thursday, 21 March 2024, 20:06
Scholastic recently announced GAAP EPS of -$0.91, falling short by $0.11 compared to expectations. Additionally, the revenue of $323.7M missed estimates by $5.51M. These disappointing figures indicate challenges for Scholastic's financial performance in the short term, raising concerns among investors about the company's outlook.
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Scholastic's Fourth-Quarter Financial Performance Revealed

Scholastic Reports Lower-than-Expected Earnings for the Quarter

Scholastic recently disclosed its financial results for the fourth quarter, revealing a downturn in performance. The company reported a GAAP EPS of -$0.91, missing estimates by $0.11. Moreover, the revenue stood at $323.7 million, falling short by $5.51 million compared to projections.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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