Scholastic reports strong Q4 and awaits Potter’s magic

Scholastic Corporation reported a strong Q4 and made rosy predictions about the future, as it prepared to release the seventh and final Harry Potter book at midnight tonight. For the quarter ended May 31, 2007, net income increased to US$40.4 million, compared to a figure of US$38.4 million for the same period last year. Meanwhile overall revenues for the fiscal year rang in at US$2.178 billion with a net income of US$60.9 million.
By
July 20, 2007

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About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com
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