HERNDON, Va. (AP) — HERNDON, Va. (AP) — Strategic Education, Inc. (STRA) on Thursday reported first-quarter net income of $29.7 million.
The Herndon, Virginia-based company said it had net income of $1.23 per share. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The for-profit education company posted revenue of $290.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $274 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STRA at https://www.zacks.com/ap/STRA