Scholastic Corp (SCHL) Tops Q2 EPS by 17c, Miss on Revenues; Offers FY18 EPS/Revenues Mid-Point Guidance Above Consensus

Scholastic Corp (NASDAQ: SCHL) reported Q2 EPS of $1.92, $0.17 better than the analyst estimate of $1.75. Revenue for the quarter came in at $598.4 million versus the consensus estimate of $601.4 million.

Fiscal 2018 Outlook Affirmed

Scholastic affirmed its fiscal 2018 outlook for total revenue of $1.65 to $1.70 billion and earnings per diluted share from continuing operations in the range of $1.20 to $1.30, excluding one-time items. The Company continues to expect free cash use in the range of $10 to $20 million.

GUIDANCE:

Scholastic Corp sees FY2018 EPS of $1.20-$1.30, versus the consensus of $1.12. Scholastic Corp sees FY2018 revenue of $1.65-1.7 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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