Scholastic reported third quarter sales from continuing operations of $425 million, down 3.5 percent, and a bigger loss from continuing operations before taxes of $41.4 million. (That loss, not counting special items, was much larger than forecast by the analyst who covers Scholastic, who was expecting just one cent a share. Sales were about $25 million below the expectation, too.) But they celebrate having “successfully sustained revenues last quarter in our market-leading children’s book and educational technology businesses” and reaffirmed guidance to investors for the fourth quarter and full year. Corporate overhead rose for the quarter, including $4.8 million in […]
