Scholastic Reports 2011 First Quarter Results: Loss per Share $.95

Scholastic Corporation SCHL earlier today reported results for the fiscal 2011 first quarter ended August 31, 2010. Revenue in the fiscal 2011 first quarter was $290.9 million versus $315.6 million in the prior year period. Net loss per share from continuing operations for the quarter was $0.95, including one-time time expenses of $0.03, compared to a net loss of $0.68 in the prior year period. Including continuing and discontinued operations, the first quarter net loss per share was $0.98, compared to a net loss of $0.63 in fiscal 2010.