Weak 'Hunger Games' Sales Drag Scholastic Profit Down

Features Reuters

Publisher Scholastic Corp reported a 6 percent drop in quarterly revenue as sales of its "Hunger Games" trilogy fell.

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"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.