In Scholastic’s fiscal first quarter, ending August 31, sales rose $7.5 million, up less than 3 percent at $284 million, but their seasonal loss rose more — increasing by the same amount, at $53.4 million, and 16 percent higher than the loss a year ago. (The company generally has a loss in the first quarter, since schools are not in session.) At $1.05 per share, that loss was significantly more than anticipated by analysts, who were expecting a loss of 84 cents a share. But the higher loss did not change the company’s guidance for the full fiscal year. The […]
