adspatz's  Instablog

Send Message
Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
My company:
SEC Live
  • Scholastic Net Loss Shrinks 0 comments
    Mar 20, 2014 10:59 AM | about stocks: SCHL

    Originally published at

    Scholastic Corporation (NASDAQ:SCHL) announced its third fiscal quarter financial results, posting a net loss that tightened from a year ago. Revenue fell from $378.6M a year ago to $373.5M, with Educational Technology and Services revenue falling the most of all segments, by 14% from $41.8M to $35.8M. The company's largest segment, Children's Book Publishing and Distribution, rose slightly by 1% from $187.5M to $190.0M, with school book fair revenue increasing 3%. Scholastic's net loss shrunk from $20.1M and $0.63 per share to a net loss of $12.1M and $0.38 per share. Chairman, President, and CEO Richard Robinson remarked that the company had a great first half but the second half was impacted by sales forces that are now properly integrated, which will lead to profitability going forward.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: SCHL
Back To adspatz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.