New York,
NY (July
26,
2006) --
Scholastic Corporation (NASDAQ: SCHL) today announced that it has corrected its previously reported calculation of earnings per share, resulting in a reduction in EPS of three cents ($0.03) per share for the fiscal year ended May 31, 2006. These figures were revised based on corrected basic and diluted share counts after the Company discovered a calculation error in information provided to it by a third party administrator of its employee stock plans. The Company’s other financial results for fiscal 2006 and interim periods, including net income, were unaffected.
The corrected share counts and earnings per share for fiscal 2006 and interim periods, as compared to previously reported information. Click on link below for release with chart.
Scholastic Corrects Share Count, Resulting in Fiscal 2006 EPS Reduction of $0.03; No Change to Other Financial Results
About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is the world’s largest publisher and distributor of children’s books and a leader in educational technology. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children’s books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries and television networks; and the Company’s Internet site, scholastic.com.
