Revenue Update on Scholastic Corp(NASDAQ:SCHL)

Scholastic Corp(NASDAQ:SCHL) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $336.200M. Analysts estimated a revenue of $367.900M. The revenues were -8.62% below the estimates. Earnings per share were $-0.36. The reported EPS was below estimates by -44%. Analysts had estimated an EPS of $-0.25.

Scholastic Corp (SCHL) made into the market gainers list on Fridays trading session with the shares advancing 0.28% or 0.12 points. Due to strong positive momentum, the stock ended at $42.71, which is also near the day’s high of $43.5. The stock began the session at $42.74 and the volume stood at 1,77,540 shares. The 52-week high of the shares is $49.38 and the 52 week low is $34.764. The company has a current market capitalization of $1,473 M and it has 3,44,88,599 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 19, 2017, Richard Robinson (director officer 10% owner (CEO, Chairman and Pre) sold 400 shares at $46.25 per share price.Also, On Jan 6, 2017, Maureen Oconnell (EVP, CAO & CFO) sold 8,264 shares at $47.45 per share price.On Aug 22, 2016, Judith Newman (EVP, President, Book Clubs) sold 400 shares at $41.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books e-books media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Its Education segment includes the publication and distribution to schools and libraries of children’s books classroom magazines supplemental classroom materials and print and online reference and non-fiction products for grades pre-K to 12 in the United States. Its International segment includes the publication and distribution of products and services outside the United States by its international operations and its export and foreign rights businesses.

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