Stride Inc. (LRN) Shares Up 7% on Strong Q2 Results and Raised Outlook
Stride Inc. (NYSE: LRN) shares were trading more than 7% higher after-hours following strong Q2 results, with EPS coming in at $1.00, above the consensus estimate of $0.77.
Revenue for the quarter was $409.5 million (vs. Street’s of $395.23 million) driven by the ongoing strength in middle and high school Career Learning enrollments, growth in Adult Learning, and increases in revenue per enrollment.
The company expects Q3/22 revenue to range from $405 million to 415 million (vs. $393.93 million) and full 2022-year revenue to range from $1.62 billion to 1.64 billion (vs. Street’s $1.59 billion).
