NEW YORK (TheStreet) -- Shares of Scholastic Corp. (SCHL) are lower by 5.76% to $32.06 at the start of trading on Thursday, after the company reported a wider net loss for the fiscal 2015 first quarter, which fell short of analysts' expectations.
The global children's publishing, education, and media company reported a loss of $34.1 million, or $1.05 per share for the most recent quarter, compared to a loss of $30.1 million, or 94 cents per share for the fiscal 2014 first quarter.
Analysts expected Scholastic to record a loss of 84 cents per share for the quarter.
The company's revenue increased 3% to $283.8 million versus $276.3 million for the same period last year, but missed the $285 million analysts had forecast.
Separately, 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 revenue growth, growth in earnings per share, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow."