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SCHL

Scholastic Loses 9% On Decreased Outlook

December 15, 2023 — 10:03 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Shares of Scholastic Corporation (SCHL), a publishing, education, and media company, are falling more than 9% Friday morning after lowering its full-year outlook.

Scholastic now expects full-year revenue to be level with or slightly below the prior year compared to the previous outlook of growth of 3% - 5%.

For the second quarter revenue declined to $562.6 million from $587.9 million last year.

SCHL, currently at $37.63, has traded in the range of $30.50 - $47.25 in the last 1 year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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