SMFG - Scholastic Posts Downbeat Earnings Joins Lennar And Other Big Stocks Moving Lower In Friday's Pre-Market Session | Benzinga
U.S. stock futures were higher this morning, with the Dow Jones futures gaining over 100 points on Friday.
Shares of Scholastic Corporation (NASDAQ: SCHL) shares fell sharply in pre-market trading after the company posted weaker-than-expected results for its second quarter.
Scholastic reported adjusted quarterly earnings of $2.45 per share, missing the Street's estimate of $2.65. Quarterly revenue of $562.60 million also fell below analyst expectations of $625.22 million.
Scholastic sees full-year 2024 adjusted EBITDA between $165 million and $175 million, versus the previous estimate of between $190 million and $200 million. The ...