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.