Scholastic: Fiscal Q4 Earnings Snapshot

NEW YORK (AP) _ Scholastic Corp. (SCHL) on Thursday reported fiscal fourth-quarter net income of $7.6 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 22 cents per share. Earnings, adjusted for non-recurring costs, were 90 cents per share.

The publishing, education and media company posted revenue of $401.4 million in the period.

For the year, the company reported that its loss narrowed to $11 million, or 32 cents per share. Revenue was reported as $1.3 billion.

Scholastic shares have risen 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.89, a rise of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCHL at https://www.zacks.com/ap/SCHL