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0.120343839541547 0.120343839541547 0.120343839541547 0.120343839541547 0.169054441260745 0.111747851002865 0.0916905444126075 0.0659025787965617
Stock impact report

Educational Development Corporation announces First Quarter Fiscal 2019 Results

Educational Development Corporation (EDUC) 
US:NASDAQ Investor Relations: edcpub.com/investors.aspx
Company Research Source: GlobeNewswire
TULSA, Okla., July 13, 2018 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) today reports record net sales and earnings per share results for the first quarter ended May 31, 2018.    Randall White, CEO of Educational Development Corporation, announced that for the fiscal first quarter ended May 31, 2018, the Company reports record net revenues of $30,022,300, an increase of $3,081,100, or 11%, when compared to our restated revenues of  $26,941,200 for first quarter of the previous year.  Our prior year revenues have been restated to conform to the new revenue recognition accounting standards we adopted in the first quarter of fiscal 2019.  The prior year revenue restatement did not have an impact on our prior year earnings.  Net earnings totaled $1,816,600 for quarter ended May 31, 2018, compared to $1,225,300 for the quarter ended May 31, 2017, an increase of 48%.   Earnings per share for the quarter were $0.44 compared to $0.3 Show less Read more
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