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.
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]