Stride Inc (NYSE:LRN) shares are trading higher in Tuesday’s after-hours session after the online education company reported better-than-expected quarterly results and issued strong guidance.
What Happened: Stride reported fiscal second-quarter revenue of $587.2 million, beating analyst estimates of $569.25 million, per Benzinga Pro. The company reported quarterly earnings of $2.03 per share, beating analyst estimates of $1.94 per share.
Income from operations totaled $125.1 million, up from $84.3 million in the prior year’s quarter. Adjusted EBITDA totaled $160.4 million, up from $118.3 million on a year-over-year basis.
Second-quarter enrollments averaged 230,600, up 19.4% year-over-year. Revenue per enrollment for the second quarter was $2,395, flat year-over-year.
Stride said it ended the quarter with $738.1 million in cash, cash equivalents and marketable securities.
Guidance: Stride expects third-quarter revenue to be in the range of $585 million to $600 million versus estimates of $571.86 million. The company sees full-year 2025 revenue of $2.32 billion to $2.36 billion versus estimates of $2.29 billion.
Management will further discuss the company’s quarterly performance on a call with analysts and investors at 5 p.m. ET.
LRN Price Action: Stride shares were up 3.62% at $125.01 in after-hours at the time of publication Tuesday, according to Benzinga Pro.
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