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NEW YORK (TheStreet) -- Scholastic Corp. (SCHL) - Get Scholastic Corporation Report shares closed trading down 0.92% to $37.90 on Thursday after the global children's publishing, education and media company reported its third quarter earnings results before the opening bell today.

The company reported a net loss of $22.1 million, or an EPS loss of 59 cents per share on an adjusted basis, on revenue of $382.1 million for the period. Analysts on average were expecting the company to report a third quarter net loss of 56 cents per diluted share on revenue of $388.5 million.

For fiscal 2015 the company guided earnings per share between $1.80 and $2 per share, the midpoint of which is ahead of analysts' $1.84 expectations for the year.

Scholastic shares are up slightly in after-hours trading today, 0.11% to $37.94.

TheStreet Ratings team rates SCHOLASTIC CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SCHOLASTIC CORP (SCHL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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