RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal first-quarter net income of $68.8 million.
The Reston, Virginia-based company said it had net income of $1.40 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $1.52 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The online education company posted revenue of $620.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $614.6 million.
K12 expects full-year revenue in the range of $2.48 billion to $2.56 billion.
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