September 19, 2013 / 11:18 AM / 4 years ago

Scholastic revenue falls due to lower Hunger Games sales

1 Min Read

Sept 19 (Reuters) - Publisher Scholastic Corp reported a 6 percent drop in quarterly revenue as sales of its "Hunger Games" trilogy fell.

"Hunger Games" sales decreased in domestic and international markets, the company said in a statement.

Overall revenue fell to $276.3 million.

The company's net loss from continuing operations fell to $30.1 million, or 94 cents per share, in the first quarter, from $31.7 million, or $1.01 per share, a year earlier.

Results for the quarter include one-time expenses of 4 cents per share due to cost cutting.

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