Scholastic Posts Upbeat Q3 Earnings, Joins Firefly Aerospace, Arm Holdings And Other Big Stocks Moving Higher On Friday

Scholastic Corp (NASDAQ: SCHL) reported better-than-expected third-quarter earnings, posting a loss of 15 cents per share, which surpassed the analyst consensus estimate of 36 cents. The company's quarterly sales totaled $329.1 million, slightly missing the expected $331.0 million. Following the earnings announcement, Scholastic's shares rose 10.7% to $37.91, and the company also announced a $200 million share buyback.