{"id":181713,"date":"2023-09-22T15:39:05","date_gmt":"2023-09-22T15:39:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=181713"},"modified":"2023-09-22T15:39:05","modified_gmt":"2023-09-22T15:39:05","slug":"scholastic-shares-drop-on-wider-quarterly-loss","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/scholastic-shares-drop-on-wider-quarterly-loss\/","title":{"rendered":"Scholastic Shares Drop On Wider Quarterly Loss"},"content":{"rendered":"
Shares of children’s book publishing company Scholastic Corporation (SCHL) are down more than 12% Friday morning after reporting wider loss in the first quarter due to weak demand.<\/p>\n
Net loss in the first quarter widened to $74.2 million or $2.35 per share from $45.5 million or $1.33 per share loss a year ago.<\/p>\n
Revenues decreased 13% year-on-year to $228.5 million.<\/p>\n
SCHL, currently at $34,12, has traded in the range of $28.22 – $47.25 in the last 1 year. <\/p>\n