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Scholastic (SCHL +4.2%) pops after its FQ1 easily beat estimates on improved margins and higher...

Scholastic (SCHL +4.2%) pops after its FQ1 easily beat estimates on improved margins and higher sales of school products. The company announces plans to cut $15M in costs, and reaffirms its FY12 outlook for total revenue of approximately $1.9B and an EPS in the range of $1.75 to $2.10, in line with expectations.
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