Loss Increases at Scholastic; Forecasts Are Cut The performance roller-coaster that characterizes Scholastic has rounded the Harry Potter crest and is pointed down again, as the company announced a sharply higher loss for the third quarter of $15.5 million (compared to $0.8 million a year ago), on sales of $481 million, up just 1 percent. Forecasts for the year have been cut following the poor quarter. In the children’s book publishing and distribution division, sales of $271 million were down slightly from $272 million a year ago, though trade revenue by itself rose 6 percent, and continuities were up as […]
