Scholastic reported fiscal third quarter results on Thursday, with sales up $19.5 million to $366 million, as losses from continuing operations were cut by over half to 21 cents a share, compared to 48 cents a share a year ago. The operating loss of $16.4 million was also well below last year’s deficit this quarter of $24.7 million. (Scholastic typically reports a seasonal loss in the third quarter, which is generally its weakest.) The strong US dollar cost the company $9 million in negative foreign exchange. Fiscal 2016 sales are still projected to be roughly $1.65 billion, but the company reduced earnings guidance […]
