logo-loader
K12

K12 reports 2Q revenue and earnings that beat the estimates of analysts

The provider of online curriculum posted diluted net income per share of $0.59, compared with $0.33 a year earlier

School scene
The company serves students in pre-K through high school

K12 Inc (NYSE:LRN),  the technology-based education company, reported fiscal second-quarter revenue and earnings that beat the estimates of analysts.

The Herndon, Virginia-based company reported revenue of $254.9 million, compared with $217.2 million a year earlier. The average estimate of analysts was for revenue of $250.8 million.

READ: VR Education shares jump as it launches ENGAGE online learning and training platform

The supplier of online curriculum posted diluted net income per share of $0.59, compared with $0.33 a year earlier. That beat the $0.56 average estimate of analysts.

As of Dec. 31, the company reported cash, cash equivalents and restricted cash of $205.3 million, a decrease of $27.8 million from June 30. On a year-over-year basis, cash, cash equivalents, and restricted cash increased $15.8 million compared with the end of 2017.

Shares of K12 gained 1.1% to $25.86 at Tuesday’s close, before the company reported its results. The stock was unchanged in after-hours trading.

Contact Dennis Fitzgerald at [email protected]

Quick facts: K12

Price: $28.60

Market: NYSE
Market Cap: $1.15 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Empower Clinics begins trading on the OTCQB under the ticker...

Empower Clinics (CSE: CBDT-OTC: EPWCF) Chairman and CEO Steven McAuley sat down with Steve Darling from Proactive Vancouver to share news the company is now trading in the United States. Empower is now listed on the OTCQB market and McAuley talks about what this means for the company and...

51 minutes ago

2 min read