Scholastic Corporation Reports Earnings Results for the Second Quarter Ended November 30, 2020
December 17, 2020 at 04:25 pm EST
Scholastic Corporation announced earnings results for the second quarter ended November 30, 2020. For the second quarter, the company announced sales was USD 406.2 million compared to USD 597.2 million a year ago. Operating income was USD 48.8 million compared to USD 105.1 million a year ago. Net income was USD 35.1 million compared to USD 71 million a year ago. Basic earnings per share was USD 1.02 compared to USD 2.04 a year ago. Diluted earnings per share was USD 1.02 compared to USD 2.02 a year ago. For the half year, sales was USD 621.4 million compared to USD 829.8 million a year ago. Operating loss was USD 8.2 million compared to operating Income of USD 17.7 million a year ago. Net loss was USD 4.7 million compared to net income of USD 12.5 million a year ago. Basic loss per share was USD 0.14 compared to basic earnings per share of USD 0.36 a year ago. Diluted loss per share was USD 0.14 compared to diluted earnings per share of USD 0.35 a year ago.