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HERNDON, Va. (AP) _ Strategic Education, Inc. (STRA) on Thursday reported first-quarter net income of $9.6 million.
On a per-share basis, the Herndon, Virginia-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, came to $1.53 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The for-profit education company posted revenue of $290.3 million in the period.
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Strategic Education shares have decreased 13% since the beginning of the year. The stock has declined 45% 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 STRA at https://www.zacks.com/ap/STRA
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