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Scholastic slips 10% as it trims 2023 outlook on tough conditions

Mar. 23, 2023 4:32 PM ETScholastic Corporation (SCHL) StockBy: Jason Aycock, SA News Editor

Mask Mandate Lifted At New York City Schools

Michael Loccisano/Getty Images News

Scholastic (NASDAQ:SCHL) tumbled 9.6% postmarket Thursday after posting fiscal third-quarter earnings where revenues declined year-over-year and the company cut its profitability outlook and halved its full-year sales expectations.

Revenues dipped nearly 6% to $324.9M, as international sales slipped

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