LRN - Stride surges on greater demand for career education

Education tech firm Stride, Inc. (LRN +1.6%) is seeing shares graduate higher after an earnings release impressed market participants in post-market hours. For the headline figures, the company pushed past EPS estimates by $0.16 while surpassing revenue expectations by $10.97 million. The strong numbers reported are particularly solid in the face of COVID restriction roll-offs that have dulled interest in remote learning.  While enrollment for school-age users was not overly impressive against this headwind, a 38% jump in adult, “Career Learning” enrollment is a major driver of optimism from market onlookers. For older learners, it would appear online learning options are in higher demand. An earnings webcast is currently underway.

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Stride surges on greater demand for career education