Why Scholastic Corporation Stock Is Falling After-Hours
Portfolio Pulse from Ryan Gustafson
Scholastic Corporation (NASDAQ:SCHL) reported Q1 losses of $2.20 per share, missing the analyst consensus estimate of losses of $1.20. The company also reported quarterly sales of $228.50 million, missing the analyst consensus estimate of $268.79 million. The company's stock fell 5.78% in after-hours trading.
September 21, 2023 | 8:23 pm
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Scholastic Corporation reported larger than expected losses and lower than expected sales for Q1, leading to a drop in its stock price.
Scholastic Corporation reported larger than expected losses and lower than expected sales for Q1. This negative financial performance is likely to have a negative impact on investor sentiment, leading to a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100