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 investor protection securities fraud investigation