Scholastic's Mixed Q4: Strong Earnings, Soft Revenue

Scholastics Q4: Mixed Results, Strong Earnings; Education Segment Faces Funding DelaysScholastics fourth quarter revenue missed estimates by 1%, but adjusted earnings per share surged by over 24%. The company attributed its profit wins to cost controls and successful book fairs, with Dog Man and Harry Potter series performing well. However, the education segment faces funding delays, impacting revenue guidance. Scholastic aims to capitalize on new products, federal funds, and digital initiatives to drive growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.