Scholastic reported fiscal third quarter sales through February 28 after the close of the market on Thursday. Sales of $360.1 million were up $15.4 million compared to a year ago, though $9.4 million of that was due to the new ASC 606 revenue recognition guidelines. The operating loss of $21.4 million was an improvement of $2.3 million from last year, with a better net loss, too, of $12.6 million. But costs are running higher than expected, and the company said it expects full-year earnings per share, excluding one-time items, “will be at the low end of its previous guidance range […]
