K12: Fiscal Q1 Earnings Snapshot
RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal first-quarter profit of $4.9 million.
RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal first-quarter profit of $4.9 million.
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The Reston, Virginia-based company said it had profit of 11 cents per share.
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The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The online education company posted revenue of $480.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $456.2 million.
K12 expects full-year revenue in the range of $1.96 billion to $2.03 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LRN at https://www.zacks.com/ap/LRN