Revenue Update on Scholastic Corp(NASDAQ:SCHL)

Scholastic Corp(NASDAQ:SCHL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $513.80M. Analysts estimated a revenue of $501.60M. Earnings per share were $1.22. Analysts had estimated an EPS of $0.95.

Scholastic Corp (SCHL) shares turned negative on Wednesdays trading session with the shares closing down -0.15 points or -0.37% at a volume of 1,22,221. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.03. The peak price level was also seen at $41.03 while the days lowest was $40.58. Finally the shares closed at $40.68. The 52-week high of the shares is $45.09 while the 52-week low is $30.34. According to the latest information available, the market cap of the company is $1,389 M.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, Maureen Oconnell (EVP, CAO & CFO) sold 56,526 shares at $40.00 per share price.Also, On Apr 28, 2016, Richard Robinson (director officer 10% owner (CEO, Chairman and Pre) sold 19,390 shares at $37.15 per share price.On Sep 1, 2015, Judith Newman (EVP, President, Book Clubs) sold 6,500 shares at $43.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books e-books media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Its Education segment includes the publication and distribution to schools and libraries of children’s books classroom magazines supplemental classroom materials and print and online reference and non-fiction products for grades pre-K to 12 in the United States. Its International segment includes the publication and distribution of products and services outside the United States by its international operations and its export and foreign rights businesses.

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