Profits Improve at Scholastic In their fiscal third quarter, Scholastic achieved operating profit of $5.8 million, up nicely from a $2.3 million loss a year ago (with a net loss of $.7 million, compared to a loss of $6 million last year), as sales rose 2 percent to $481 million. The stock rose over 4 percent in morning trading on the news. Trade publishing was a big contributor to improved profits, producing operating gains of $16.5 million on sales of $272 million. School book fairs yielded higher revenues, but continuity programs and school book clubs declined. Release Olson Down on […]
