Scholastic Corp (SCHL) Misses Q2 EPS Views; Revises FY16 Outlook

Scholastic Corp (NASDAQ: SCHL) reported Q2 EPS of $1.89, $0.21 worse than the analyst estimate of $2.10. Revenue for the quarter came in at $619 million versus the consensus estimate of $607.35 million.

Including the negative foreign exchange impact of $17.2 million in the current quarter, revenue as reported was $601.8 million, versus $611.1 million in the prior year period, a decrease of less than 2%.

GUIDANCE:

Scholastic Corp sees FY2016 EPS of $1.35-$1.55, versus the consensus of $1.53. Scholastic Corp sees FY2016 revenue of $1.65-1.70 billion, versus the consensus of $1.66 billion.

For earnings history and earnings-related data on Scholastic Corp (SCHL) click here.

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