K12: Fiscal Q3 Earnings Snapshot

RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal third-quarter profit of $55.5 million.

The Reston, Virginia-based company said it had net income of $1.30 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The online education company posted revenue of $470.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $453.9 million.

K12 expects full-year revenue in the range of $1.81 billion to $1.83 billion.


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

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

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