Shares of Scholastic Corporation (SCHL) surged 15.92% in pre-market trading on Friday, following the release of the company's strong fiscal 2025 results and an optimistic outlook for the new fiscal year.
The children's publishing and education company reported its fourth-quarter earnings after the market close on Thursday, revealing performance that surpassed investors' expectations. While specific figures were not provided in the available news, the results appear to have significantly impressed the market.
Adding to the positive sentiment, Scholastic's outlook for the new fiscal year indicates that the company is well-positioned for strong earnings growth. This forward-looking statement has further bolstered investor confidence, contributing to the substantial pre-market rally.
The impressive stock movement underscores the market's enthusiasm for Scholastic's financial health and future prospects. Investors will likely be watching closely to see if this momentum carries into regular trading hours and whether the company can deliver on its promising outlook in the coming quarters.