Stride Fiscal Q1 Tops Estimates; Issues Guidance; Shares Rise After-Hours

MT Newswires Live

Oct 23, 2024

Stride (LRN) reported a fiscal Q1 diluted earnings of $0.94 per share late Tuesday, up from $0.11 per share a year ago.

Four analysts polled by Capital IQ expected $0.21.

Revenue for the quarter ended Sept. 30 was $551.1 million, up from $480.2 million a year earlier.

Analysts surveyed by Capital IQ expected $504.3 million.

The education company said it expects fiscal Q2 revenue of $560 million to $580 million. Analysts surveyed by Capital IQ expect $535.4 million.

Stride expects fiscal year 2025 revenue of $2.23 billion to $2.30 billion. Analysts polled by Capital IQ expect nearly $2.17 billion.

Shares of Stride were up more than 19% in after-hours activity.

Price: 76.97, Change: +12.48, Percent Change: +19.35

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