K12, Inc. (LRN) Misses Q3 EPS by 2c, Beats on Revenues; Offers FY18 Revenue Outlook Above Consensus

K12, Inc. (NYSE: LRN) reported Q3 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $232.9 million versus the consensus estimate of $227.29 million.

Outlook

The Company is reaffirming, and tightening, the forecast for the full year, fiscal 2018:

• Revenue in the range of $906 million to $912 million.
• Adjusted operating income of $46 million to $50 million (1).
• Capital expenditures of $43 million to $47 million.

GUIDANCE:

K12, Inc. sees FY2018 revenue of $906-912 million, versus the consensus of $897.14 million.

For earnings history and earnings-related data on K12, Inc. (LRN) click here.

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