From Financial Modeling Prep: 2024-12-20 08:40:00

Scholastic (NASDAQ:SCHL) shares fell over 6% in pre-market trading after reporting weaker-than-expected fiscal second-quarter results. Adjusted EPS was $1.82, missing estimates of $2.93. Revenue dropped 3% to $544.6 million, below the $587.06 million consensus.

The revenue decline was due to timing issues in the Children’s Book Publishing segment, with changes in publishing schedules and fewer fall fair bookings. Revenue from Book Fairs fell 5% to $231 million as fewer fairs were held.

Despite the disappointing results, Scholastic reaffirmed its fiscal 2025 guidance and increased its revolving credit facility to $400 million, showing confidence in meeting full-year targets.



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