Shares of K12 LRN moved higher by 10.5% in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 220.00% year over year to $0.30, which beat the estimate of ($0.31).
Revenue of $370,960,000 higher by 44.27% year over year, which beat the estimate of $362,520,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Oct 26, 2020
Time: 05:00 PM
Price Action
52-week high: $52.84
52-week low: $15.06
Price action over last quarter: down 30.99%
Company Overview
K12 Inc is an American online educational company. The company offers alternative programs to traditional on-campus schooling. K12 also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional, and Private Pay Schools and Other.
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