Pomerantz Law Firm Investigates Scholastic Corporation Following Q1 Fiscal 2027 Earnings Miss
Pomerantz LLP has launched an investigation into Scholastic Corporation (NASDAQ: SCHL) to determine if the company or its executives engaged in securities fraud or unlawful business practices. The probe follows a disappointing first-quarter fiscal 2027 earnings report released on September 24, 2026. Scholastic reported an adjusted loss of $3.63 per share, missing analyst expectations of a $3.40 loss. Additionally, total revenue fell 4% year-over-year to $216.8 million, with the Education segment seeing a significant 24% decline due to tightening school budgets. Following these disclosures, SCHL shares dropped 7.41% in a single trading session.
Tickers: $SCHL
Topics: class action lawsuit earnings miss financial results securities fraud investigation
Read the full article at PR Newswire
Part of the story Pomerantz Law Firm Investigates EyePoint, Inc. Following Clinical Trial Failures (3 articles)