Scholastic Revenue Drops 33% in Q1; Potter Draws $5 Million

September 2006
Book Publishing Report;9/25/2006, Vol. 31 Issue 37, p1
Trade Publication
The article reports on the financial performance of Scholastic Inc., a well-known children's book publishing in New York. The company has reported revenue of $ 334.9 million for the first quarter of 2006 while net loss has accounted to $46.9 million. Despite of the company's performance in 2006, it has expected to earn $2.1 billion to $2.2 billion in 2007 even without the benefit of the "Harry Potter."


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