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Stock impact report

Harry Potter publisher Scholastic profit, sales fall from a year ago [MarketWatch]

Scholastic Corporation (SCHL) 
Last scholastic corporation earnings: 3/19 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.scholastic.com
Company Research Source: MarketWatch
Harry Potter publisher Scholastic profit, sales fall from a year ago Scholastic Corp. SCHL, +1.27% which publishes the "Harry Potter" series of books, reported fiscal second-quarter net income that fell to $57.1 million, or $1.60 a share, from $67.9 million, or $1.92 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.92, which compares with the estimate of one analyst surveyed by FactSet of $1.75 a share. Revenue declined to $598.3 million from $623.1 million, below the analyst's estimate of $601.4 million. Children's book and publishing and distribution revenue fell to $411.8 million from $432.5 million, which was expected given the release of "Harry Potter and the Cursed Child, Parts One and Two" and "Fantastic Beasts and Where to Find Them™: The Original Screenplay" a year ago, which was partially offset by the release of "Harry Potter and the Prisoner of Azkaban: The Illustrated Edition" this year. The company affirmed Show less Read more
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