School Specialty (SCHS) Reports Blow-Up Q1; Slashes FY11 Outlook Drastically
School Specialty, Inc. (Nasdaq: SCHS) reports Q1 adj-EPS of $0.70, vs. the analyst estimate of $1.16. Revenue for the quarter was $253 million, which compares to the estimate of $266.30 million. Cuts FY11 sales guidance from $790-$825 million to $735-$770 million, which compares to the Street estimate of $803.31 million. Lowers cash flow...
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