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.
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