Revenue in the fiscal 2013 first quarter was $293.6 million, compared to $318.0 million in the prior year period. The net loss per share from continuing operations was $1.02, compared to $0.81 in the prior year period, which included one-time expenses of $0.04. Scholastic typically records a loss in its fiscal first quarter, when most U.S. schools are not in session and its School Book Clubs and Fairs generate minimal revenue.
Friday, September 21, 2012
Scholastic Reports FY 2013 Q1 Results
Revenue in the fiscal 2013 first quarter was $293.6 million, compared to $318.0 million in the prior year period. The net loss per share from continuing operations was $1.02, compared to $0.81 in the prior year period, which included one-time expenses of $0.04. Scholastic typically records a loss in its fiscal first quarter, when most U.S. schools are not in session and its School Book Clubs and Fairs generate minimal revenue.
