NEW YORK (AP) _ Scholastic Corp. (SCHL) on Thursday reported a loss of $39.8 million in its fiscal first quarter.
On a per-share basis, the New York-based company said it had a loss of $1.16. Losses, adjusted for non-recurring costs, came to 90 cents per share.
The publishing, education and media company posted revenue of $215.2 million in the period.
Scholastic shares have dropped 48% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.88, a decline of 47% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCHL at https://www.zacks.com/ap/SCHL
Automated Insights, source Associated Press News