Scholastic Reports Income Gain

Posted on by Chief Marketer Staff

Scholastic Corp. posted net income of $55.5 million for the second quarter, an increase over net income of $43.1 million in the prior year.

The educational materials direct marketer reported revenue of $660.1 million for the quarter ended Nov. 30, an increase over net income of $653.3 million last year.

“Last quarter Scholastic delivered substantially higher operating margins, earnings and free cash flow, before one-time, primarily non-cash items, on a slight increase in revenue,

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