Scholastic Will Sell Direct-to-Home Business Scholastic exceeded analysts’ diminished expectations for the company in their fiscal second quarter, though that hardly makes it a great performance. With the Harry Potter 7 tailwind still at their back, net profits were flat at $75.6 million, on sales for the quarter of $746 million, up close to $11 million (or 1.5 percent) from a year ago. And those results are attributable to the weak dollar as much as anything, as the international segment yielded $28.5 million in extra revenue though it grew only 2 percent in local currencies, producing extra profit of $4.5 […]
