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K12: Fiscal Q1 Earnings Snapshot
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RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal first-quarter earnings of $64.9 million.

The Reston, Virginia-based company said it had profit of $1.45 per share. Earnings, adjusted for one-time gains and costs, came to $1.37 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 online education company posted revenue of $639.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $611.2 million.

K12 expects full-year revenue in the range of $2.53 billion to $2.61 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LRN at https://www.zacks.com/ap/LRN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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