After a soft first period, Educational Development Corp. reported that revenue for the second quarter ended August 31, 2013 rose 4.6%, to $5.7 million, but net earnings in the period fell to $56,400 from $138,200 in the second quarter of fiscal 2013. Sales were up in both of EDC’s publishing and home business divisions. In the publishing division, EDC said, sales were led by strong sales from its retail accounts, something the company attributed in part to its decision 18 months ago to stop selling titles through Amazon.
For the first half of fiscal 2014, revenue was down 2.9%, to $11.7 million, and earnings fell to $123,000 from $488,000 in the first half of fiscal 2013.
