RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported earnings of $81.4 million in its fiscal fourth quarter.
The Reston, Virginia-based company said it had profit of $1.75 per share. Earnings, adjusted for one-time gains and costs, were $2.12 per share.
The online education company posted revenue of $636.1 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $623.3 million.
For the year, the company reported profit of $338.2 million, or $7.14 per share. Revenue was reported as $2.52 billion.
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