Scholastic Q1 Adj. EPS $(3.63) Misses $(3.40) Estimate, Sales $216.800M Miss $224.689M Estimate

Scholastic (NASDAQ: SCHL) reported Q1 adjusted earnings per share of $(3.63), missing the analyst estimate of $(3.40) by 6.76%. This reflects a 44.05% increase in losses compared to $(2.52) per share in the same quarter last year. The company's sales totaled $216.800 million, falling short of the $224.689 million estimate by 3.51% and representing a 3.90% decrease from $225.600 million in the previous year.