04:16 PM EST, 12/19/2024 (MT Newswires) -- Scholastic (SCHL) reported fiscal Q2 adjusted earnings late Thursday of $1.82 per diluted share, down from $2.45 a year earlier.

One analyst polled by FactSet expected $2.30.

Revenue for the quarter ended Nov. 30 was $544.6 million, down from $562.6 million a year earlier.

One analyst surveyed by FactSet expected $554 million.

Shares of the company dropped more than 14% in recent after-hours activity.

Price: 21.30, Change: -3.54, Percent Change: -14.25