LRN - Why Stride Stock Was Climbing Today
2023-04-26 14:17:45 ET
Shares of Stride (NYSE: LRN) were popping Wednesday after the education management company delivered a better than expected fiscal third-quarter earnings report after the closing bell Tuesday, beating estimates on the top and bottom lines.
The online school operator and curriculum developer also raised its full-year guidance. As a result, the stock was up by 15.5% as of 12:36 p.m. ET.
In the quarter, which ended March 31, Stride's revenue rose 11.5% to $470.3 million, which beat the consensus estimate of $456.4 million. Management credited growth in in-year enrollment, increases in revenue per enrollment, and growth in its adult learning segment.
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Why Stride Stock Was Climbing Today