New York – September 27, 2018 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported results for the Company’s fiscal 2019 first quarter ended August 31, 2018. The Company reported a first quarter 2019 loss per diluted share of $1.75, compared to a loss of $1.81 per diluted share in the first quarter of 2018. Excluding one-time items, the first quarter 2019 loss was $1.74. Scholastic typically records a loss in its fiscal first quarter, when most U.S. schools are not in session.
First quarter revenue was $218.4 million, an increase of 15% compared to $189.2 million in the first quarter of 2018.