Scholastic Stock Climbs After Better-Than-Expected Q1 Results: Details
Portfolio Pulse from Erica Kollmann
Scholastic Corp. (NASDAQ:SCHL) reported better-than-expected Q1 results, with losses and revenues surpassing analyst estimates. The company saw growth in Book Fairs and Consolidated Trade revenues. Shares rose 7.69% in after-hours trading.

September 26, 2024 | 8:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Scholastic Corp. reported Q1 results that exceeded analyst expectations, with a smaller-than-expected loss and higher revenue. Book Fairs and Consolidated Trade revenues showed growth. The stock rose 7.69% in after-hours trading.
Scholastic's Q1 results exceeded expectations, with both losses and revenue better than analyst estimates. This positive performance, particularly in Book Fairs and Consolidated Trade revenues, likely contributed to the 7.69% increase in after-hours trading. The market's positive reaction suggests a short-term upward impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100