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Scholastic 2q Sales Rise, Charges Curb Earnings

Posted at 8:28AM Friday 20 Dec 2013

Revenue at Scholastic rose 1.5% in the second quarter ended November 30, to $623.2 million, and net income declined to $58.3 million from $61.8 million in the second quarter of fiscal 2013. Earnings in the most recent period include $13.4 million in impairment charges related to old acquisitions and one-time expenses of $5.5 million tied to cost reduction and restructuring programs.

PW

Scholastic Press release




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