K12, Inc. (LRN) Tops Q2 EPS by 3c, Offers Q3 Guidance

K12, Inc. (NYSE: LRN) reported Q2 EPS of $0.59, $0.03 better than the analyst estimate of $0.56. Revenue for the quarter came in at $254.9 million versus the consensus estimate of $250.8 million.

GUIDANCE:

K12, Inc. sees Q3 2019 revenue of $250-255 million, versus the consensus of $251.3 million.

• Capital expenditures of $9.0 million to $11.0 million. Note: Capital expenditures include the purchase of property and equipment, and capitalized software and curriculum development costs as presented in our Statements of Cash Flows.
• Adjusted operating income in the range of $24.0 million to $26.0 million.

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

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