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Scholastic and Flux Power: Downward Earnings Reactions

  • September 21st, 2023
  • 511 views

Scholastic Corporation (Nasdaq: SCHL), a publishing and education company, reported first-quarter fiscal 2024 loss of $(2.20) per share, falling short of the consensus estimate loss of $(1.20). Quarterly sales stood at $228.50 million, missing analysts' revenue expectations of $268.79 million.

$SCHL was trading at $33.75 in after-hours, down $5.20 (-13.35%).

In other news, Flux Power Holdings, Inc. (Nasdaq: FLUX), a provider of advanced energy storage solutions, reported fourth-quarter fiscal 2023 revenues of $16.30 million, slightly below the analyst consensus estimate of $16.39 million in revenue for the period.

In after-hours, $FLUX was trading at $4.19, showing a decrease of $0.75 (-15.15%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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