Scholastic shares are trading lower after the company reported worse-than-expected Q2 financial results.
Portfolio Pulse from Benzinga Newsdesk
Scholastic Corporation's stock (SCHL) is trading lower following the announcement of their Q2 financial results, which fell short of market expectations.
December 14, 2023 | 9:19 pm
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Scholastic Corporation reported disappointing Q2 results, leading to a decline in its stock price.
Financial results that do not meet expectations typically result in a negative short-term reaction in the stock market. As Scholastic's Q2 results were worse than expected, this is likely to have a direct negative impact on the company's stock price in the short term.
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