* Q4 adj loss/shr $0.55 vs est loss $0.71
* Revenue falls 10.1 pct to $156.2 mln
* Declines to provide specific earnings outlook
* Expects EPS to rise in FY 2010
* Shares rise 16 pct
June 11 School-products supplier School
Specialty Inc SCHS.O posted a narrower-than-expected
quarterly loss, helped by lower expenses, and said its earnings
could grow in fiscal 2010.
However, the company did not provide specific earnings
outlook figures, citing delays in passage of school budgets and
economic uncertainties. The company, which expects gross margin
to rise 60 to 70 basis points in fiscal 2010, said it will be
in a position to provide specific earnings outlook later in the
back-to-school season as it gains more visibility around order
Greenville, Wisconsin-based School Specialty expects fiscal
2010 revenue of about $960 million, which fell short of
analysts estimates of $1.02 billion.
For the fourth-quarter ended April 25, School Specialty
posted a loss of $11.3 million, or 60 cents a share, compared
with a loss of $15.5 million, or 81 cents a share, a year ago.
Excluding items, it posted a loss of 55 cents a share,
according to Reuters Estimates.
Revenue fell 10.1 percent to $156.2 million.
Analysts were expecting a loss of 71 cents a share, before
items, on revenue of $154.7 million.
Shares of the company were up 14 percent at $22.74 Thursday
morning on Nasdaq. They touched a high of $23.09 earlier in the
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(Reporting by Renju Jose in Bangalore; Editing by Aradhana