Shares of Scholastic Corporation (SCHL) are soaring in pre-market trading on Friday, jumping 18.91% following the release of the company's impressive fiscal 2025 results and an optimistic outlook for the upcoming year. The children's publishing and education company's strong performance has sparked significant investor enthusiasm, driving the stock price higher.
Scholastic's fourth-quarter earnings report, released after market close on Thursday, appears to have surpassed market expectations. While specific figures were not disclosed, the company's financial results have clearly impressed investors. The positive reception is particularly noteworthy given the recent challenges faced by the education and publishing sectors.
Adding fuel to the rally, Scholastic's management provided a bullish outlook for fiscal year 2026, suggesting that the company is well-positioned for continued growth. This forward-looking guidance has further bolstered investor confidence, contributing to the substantial pre-market surge. Market participants will likely be watching closely to see if Scholastic can maintain this momentum and deliver on its promising outlook in the coming quarters.