Scholastic reported fiscal second quarter results on Thursday morning, with sales of $598 million down $25 million (or 4 percent) from a year ago. Operating profit from continuing operations was $107 million, down $5 million, and net income fell further, at $57.1 million, compared to $67.9 million a year ago. Results were below analysts’ expectation. Trade publishing sales were $80.9 million, down $17.6 million from a year ago — when the company benefited from Harry Potter and the Cursed Child and the Fantastic Beasts and Where to Find Them screenplay. Nonetheless, Scholastic said trade sales had “exceeded expectations with exceptionally strong performance […]
