Scholastic Posts Downbeat Q1 Results, Joins Legacy Education, Zscaler And Other Big Stocks Moving Lower In Friday’s Pre-Market Session

Scholastic Corporation (NASDAQ: SCHL) reported disappointing Q1 results, posting a loss of $3.63 per share, which was worse than the analyst consensus estimate of a $3.40 loss. The company's quarterly sales were $216.8 million, missing the expected $224.7 million. Following the announcement, Scholastic's shares fell 9.9% to $31.38 in pre-market trading.