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Benzinga
Benzinga
Business
Akanksha Bakshi

Children's Publisher Scholastic Stock Tumbles Despite CEO's Confidence

Toronto,,Canada,-,September,25,,2019:,Scholastic,Canada,Sign,On

Scholastic Corp. (NASDAQ:SCHL) shares fell after the company reported a wider fiscal 2026 first-quarter loss and results that missed Wall Street expectations on revenue and earnings.

Adjusted loss per share was $2.52, missing the consensus estimate of $2.44, while sales of $225.6 million came in below expectations of $238.91 million.

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