RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal fourth-quarter net income of $62.8 million.
On a per-share basis, the Reston, Virginia-based company said it had profit of $1.42.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The online education company posted revenue of $534.2 million in the period.
For the year, the company reported profit of $204.2 million, or $4.69 per share. Revenue was reported as $2.04 billion.
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