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Shares of Scholastic (SCHL) are currently halted in post-session trading after it lowers its...
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Tuesday, November 20, 2012, 6:22 PM ETShares of Scholastic (SCHL) are currently halted in post-session trading after it lowers its FY13 EPS view to $1.40-$1.60 from $2.20-$2.40 and its revenue view to between $1.8B - $1.9B from $1.9B-$2.0B, which are both below consensus expectations of $2.27 per share on revenue of $1.94B respectively. The company attributes the lowered guidance to weak curriculum product sales in its Educational Technology and Services segment due to school budget constraints.
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