Scholastic reported sales from continuing operations in their fourth quarter of $538.4 million, up 9 percent from the prior period. Consolidated earnings per diluted share were $0.79 in the quarter, compared to $0.76 in the prior year period, taking into account a one-time, mostly non-cash expenses of $0.18 per share in the current period and a net one-time item gain of $0.06 per share in the prior period. Their children’s publishing and distriibution division, sales were up 6% to $273.5 million, “outperforming the book publishing and book selling industry during the period.” Segment operating income increased 40% to $50.7 million, […]
