Scholastic Corporation is a global publishing and education company primarily known for its wide range of children's books, educational materials, and media
It specializes in creating and distributing children's literature and educational resources, including classroom materials, digital products, and instructional tools for educators and students. Scholastic is also recognized for its popular book fairs and reading programs that encourage literacy and a love of reading among young audiences. Through its diverse offerings, the company aims to engage and inspire children, enabling them to enhance their reading and learning experiences.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Disney (NYSEDIS) and the rest of the media stocks fared in Q3.
Shares of educational publishing and media company Scholastic (NASDAQSCHL)
fell 14.6% in the morning session after the company reported disappointing third-quarter results, which fell below Wall Street's expectations across the key metrics we track, including its revenue, EBITDA, and EPS. Sales fell year on year due to timing-related factors in the Children's Book Publishing and Distribution segment and lower supplemental curriculum and collections product sales in Education Solutions. Overall, this was a weaker quarter.
Scholastic stock is trading lower on Friday after the company reported worse-than-expected 2025 fiscal-year second-quarter earnings on Thursday after the bell.
Educational publishing and media company Scholastic (NASDAQSCHL) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 3.2% year on year to $544.6 million. Its GAAP profit of $1.71 per share was 25.7% below analysts’ consensus estimates.
Newspaper and digital media company The New York Times (NYSENYT)
will be announcing earnings results tomorrow before market open. Here’s what to expect.
