Scholastic reported a soft fourth quarter, with sales from continuing operations of $536.1 million, down 2 percent, and higher operating costs and expenses that left earnings from continuing operations down substantially (by a third) at $49 million. Overall, they had a net loss for the quarter of $13.1 million. (Losses from the direct-to-home continuities business–which it is selling–and the school-based continuities business–which it closed in May–show up on the balance sheet as losses from non-continuing operations now.) Those results missed analysts’ expectations 6 cents a share on earnings and $16 million on sales. For the full year, which included the […]
