Scholastic profit up 11% on education tech sales

Source: Market Watch Posted By: Renee H...4532 days ago

Scholastic Corp.'s /quotes/zigman/77704/quotes/nls/schl SCHL +1.86% fiscal second-quarter profit rose 11% as the children's book publisher saw improved revenue in its educational technology and services segment thanks to higher margin products.

Scholastic's top-line results have been choppy in recent quarters, as revenue from educational publishing declined. The company has been spending heavily to invest in new technology such as e-books. To fund its digital growth, the company said this year....

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