Scholastic significantly increased its earnings guidance for fiscal 2012, which ends on May 31, to exceed $3.40 a share, “based on stronger than anticipated sales of The Hunger Games trilogy following the March 23 movie release.” Previously, the company projected annual earnings of between $2.60 to $2.90 per diluted share, while the company’s prior guidance for revenue and free cash flow remains unchanged. The sale process for French publisher Flammarion by its Italian owner RCS Media continues, with a number of reports indicating that five publishers have submitted second-round bids starting at 300 million euros. France’s Actes Sud and Albin […]
