Scholastic reported third quarter sales of $382.1 million, up 2 percent (or $8.6 million) from a year ago, “largely driven by strong sales in children’s books, especially in the company’s school-based distribution channels, higher circulation of the company’s classroom magazines, and increased sales of classroom books and literacy initiatives.” But Scholastic reported a third quarter loss of $22.1 million, or 68 cents a share, versus a loss of $12.1 million (or 38 cents a share) a year ago, because of greater one-time charges and the end of a tax benefit that boosted the company at the same time last year. […]
