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Jun 30, 2020
Strategic Education Q2 2020 Earnings Report
Strategic Education's financial performance increased as revenue and net income rose compared to the same period last year.
Key Takeaways
Strategic Education reported a 4.4% increase in revenue, reaching $255.8 million, and net income increased to $34.2 million for the second quarter of 2020. The company is managing the impact of the COVID-19 pandemic by providing financial relief to students and employer partners and has maintained a solid financial foundation.
Revenue increased by 4.4% to $255.8 million.
Income from operations was $46.4 million, representing 18.1% of revenue.
Net income was $34.2 million, compared to $24.4 million in the same period of 2019.
Diluted earnings per share increased to $1.55 from $1.10 for the same period in 2019.
Forward Guidance
The Company is continuing to provide financial relief to students and employer partners as they experience the negative impact of the pandemic. These measures, which include payment flexibility, scholarship opportunities, and other pricing relief, are likely to result in a full-year revenue-per-student decline of approximately one percent.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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