Shares of online education company Stride Inc. (NYSE: LRN) surged over 22% in after-hours trading on Monday after the company reported blowout fiscal first-quarter 2025 results that handily beat Wall Street estimates. The stellar performance prompted Stride to raise its full-year revenue and profit outlook, sending its stock soaring.

For the fiscal first quarter ended September 30, Stride posted earnings per share of $0.94, crushing the consensus estimate of $0.20 by a staggering 370%. Revenue jumped 14.8% year-over-year to $551.1 million, outpacing analysts' expectations of $506.1 million. The company's top-line growth was fueled by robust demand across all its education offerings, with total enrollments increasing 18.5% to 222,600.

Buoyed by the strong start to fiscal 2025, Stride raised its full-year revenue guidance to $2.225-$2.3 billion from its previous outlook of $2.2 billion. The company now expects adjusted operating income between $395-$425 million for fiscal 2025, significantly higher than Wall Street's projections. Stride's upbeat guidance reflects management's confidence in continued enrollment momentum and profitability growth.