RTTNews | Sep 23, 2021 05:04PM EDT

17:04 Thursday, September 23, 2021 (RTTNews.com) - Scholastic Corp. (SCHL) Thursday reported first-quarter loss of $24.2 million or $0.70 per share, narrower than last year's loss of $39.8 million or $1.16 per share.

First-quarter revenues increased 21% $259.8 million from $215.2 million last year.

Revenue growth was driven primarily by the U.S. trade and education channels. Trade publishing revenues grew on the strength of the company's series publishing and strong backlist titles.

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