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HERNDON, Va. (AP) _ Strategic Education, Inc. (STRA) on Wednesday reported second-quarter profit of $20 million.
The Herndon, Virginia-based company said it had net income of 83 cents per share. Earnings, adjusted for one-time gains and costs, were $1.55 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The for-profit education company posted revenue of $299.2 million in the period.
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Strategic Education shares have fallen 24% since the beginning of the year. The stock has dropped 56% 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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