Scholastic Corp beats by $0.07, beats on revs; reaffirms FY16 EPS guidance, revs guidance
Reports Q1 (Aug) loss of $1.44 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of ($1.51); revenues rose 0.4% year/year to $191.2 mln vs the $187.3 mln consensus.
- Co reaffirms guidance for FY16, sees EPS of $1.35-1.55, excluding non-recurring items, vs. $1.49 Capital IQ Consensus Estimate; sees FY16 revs of $1.7 bln vs. $1.65 bln Capital IQ Consensus Estimate. Co continues to expect free cash flow in the range of $35 to $45 mln, excluding taxes paid as a result of the sale of the EdTech business.