K12: Fiscal 1Q Earnings Snapshot

HERNDON, Va. (AP) _ K12 Inc. (LRN) on Monday reported fiscal first-quarter net income of $12.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Herndon, Virginia-based company said it had profit of 30 cents.

The online education company posted revenue of $371 million in the period.

For the current quarter ending in January, K12 said it expects revenue in the range of $358 million to $366 million.

The company expects full-year revenue in the range of $1.45 billion to $1.47 billion.

K12 shares have risen 39% since the beginning of the year. In the final minutes of trading on Monday, shares hit $28.23, a climb of 41% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LRN at https://www.zacks.com/ap/LRN

Copyright © 2020 . All rights reserved. This website is not intended for users located within the European Economic Area.


Sign up for breaking news alerts