Scholastic shares are trading lower after the company reported worse-than-expected Q1 financial results.
Portfolio Pulse from Benzinga Newsdesk
Scholastic Corporation (SCHL) shares are trading lower following the company's release of disappointing Q1 financial results that fell below market expectations.
September 22, 2023 | 1:26 pm
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NEGATIVE IMPACT
Scholastic Corporation's stock price is likely to experience a short-term decline due to the company's worse-than-expected Q1 financial results.
Scholastic Corporation's Q1 financial results were worse than expected, which is a negative signal to investors. This could lead to a sell-off of the company's shares, causing the stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100