Scholastic Announces Second Quarter Results
Dec 16, 2005
Posted by SueTLCUncategorized
Scholastic, the US publishers of the Harry Potter novels, today announced their fiscal Second Quarter results. Reuters reports that Scholastic “quarterly earnings fell 8 percent, citing lower results overseas and the impact of hurricanes.” The article continues:
“Sales of the Harry Potter backlist pushed trade revenue up 11 percent, the company said. Sales of the latest book, Harry Potter and the Half-Blood Prince, continued to meet the company’s expectations, a spokeswoman said.
Scholastic set a publishing record in July by selling 6.9 million copies of the book within 24 hours of its release.”