BUZZ-Scholastic up after reporting third-quarter profit

Reuters04:50

** Shares of publishing firm Scholastic SCHL.O up 9.5% at $37.49 after the bell

** Co reports Q3 EPS of $2.55 vs loss of 13 cents last year

** In Q3, Scholastic's "children's publishing, entertainment and distribution businesses continued to prove their strength, led by solid performance in book fairs, and underpinned by our iconic franchises across formats and platforms," CEO Peter Warwick says

** Co also reaffirms annual adjusted EBITDA forecast

** However, co quarterly revenue drops 2% to $329.1 million

** SCHL up ~39% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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