HERNDON, Va. (AP) — HERNDON, Va. (AP) — Strategic Education, Inc. (STRA) on Thursday reported third-quarter net income of $26.6 million.
The Herndon, Virginia-based company said it had net income of $1.15 per share. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The for-profit education company posted revenue of $319.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $315.7 million.
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