Scholastic stock jumps 6% as publishing company calls for up to 5% revenue growth for the year

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Shares of Scholastic Corp. rallied more than 6% in the extended session Thursday after the publishing company reported better-than-expected fiscal...

Shares of Scholastic Corp.

rallied more than 6% in the extended session Thursday after the publishing company reported better-than-expected fiscal fourth-quarter profit and said it expects up to 5% revenue growth for the year. Scholastic said it earned $76 million, or $2.26 a share, in the quarter, compared with $52 million, or $1.46 a share, in the year-ago quarter. Revenue rose 3% to $529 million, the company said, mostly as its children’s book publishing and distribution and book fairs businesses grew.

rallied more than 6% in the extended session Thursday after the publishing company reported better-than-expected fiscal fourth-quarter profit and said it expects up to 5% revenue growth for the year. Scholastic said it earned $76 million, or $2.26 a share, in the quarter, compared with $52 million, or $1.46 a share, in the year-ago quarter. Revenue rose 3% to $529 million, the company said, mostly as its children’s book publishing and distribution and book fairs businesses grew.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 3. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Fuente: CNBC - 🏆 12. / 72 Leer más »