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SCHL - Scholastic EPS beats by $0.58 misses on revenue
Scholastic Corporation
Scholastic (SCHL): Q1 Non-GAAP EPS of -$0.90; GAAP EPS of -$1.16 beats by $0.58.Revenue of $215.2M (-7.5% Y/Y) misses by $3.8M.Shares +4.7%.The company has substantially completed work on lowering its cost base by $100M, and believes that a significant portion of these cost savings, as well as new measures being taken, should continue to favorably impact future period results. The outlook for trade and education businesses remains positive.Press Release