UPDATE: Stride Inc. (LRN) Tops Q2 EPS by 11c, Revenues Beat

Stride Inc. (NYSE: LRN) reported Q2 EPS of $0.60, $0.11 better than the analyst estimate of $0.49. Revenue for the quarter came in at $376.1 million versus the consensus estimate of $363.68 million.

Financial Highlights for the Second Quarter Fiscal 2021 compared with the Second Quarter Fiscal 2020

• Revenues of $376.1 million, compared with $257.6 million. The increase is due largely to increased enrollments.
• Income from operations of $38.5 million, compared with $30.3 million.
• Net income of $24.5 million, compared with $20.6 million.
• Diluted net income per share of $0.60, compared with $0.52.
• Cash and cash equivalents as of December 31, 2020 of $258.1 million, compared with $212.3 million as of June 30, 2020.
• Adjusted operating income of $50.1 million, compared with $37.2 million. (1)
• Adjusted EBITDA of $70.7 million, compared with $53.7 million. (1)

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

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