Results for: LRN

Stride, Inc. (LRN) shares surged in premarket trading after the company exceeded first-quarter earnings estimates, driven by robust revenue growth and a positive outlook for the future. The company reported strong revenue growth, significantly increased profitability, and a healthy enrollment rate, signaling a strong position in the education market. Analysts and investors are optimistic about the company’s future, with analysts anticipating continued growth.

Stride (LRN) reported strong Q3 earnings, exceeding expectations with revenue growth of 10.7% to $520.8M and adjusted EBITDA up 16.0% to $120.5M. Enrollment in both general education (8.7%) and career learning (9.8%) segments increased. Revenue per enrollment also rose. The company raised its FY24 outlook, anticipating revenue in the range of $2.025B to $2.040B, capital expenditures between $60M and $65M, and adjusted operating income between $280M and $290M.