Educational Development Corporation reported earnings results for the second quarter and six months ended August 31, 2023. For the second quarter, the company reported sales was USD 10.59 million compared to USD 19.42 million a year ago. Net income was USD 1.06 million compared to net loss of USD 0.8019 million a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to diluted loss per share from continuing operations of USD 0.1 a year ago.
For the six months, sales was USD 25.12 million compared to USD 42.58 million a year ago. Net income was USD 0.1889 million compared to net loss of USD 0.5861 million a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.07 a year ago.