Strategic Education reported a decrease in revenue by 8.6% to $273.6 million, and a decrease in net income to $15.2 million for the second quarter of 2022. Diluted earnings per share decreased to $0.63.
Revenue decreased 8.6% to $273.6 million compared to the same period in 2021.
Income from operations was $21.9 million, compared to $26.7 million for the same period in 2021.
Net income was $15.2 million compared to $20.0 million for the same period in 2021.
Diluted earnings per share was $0.63 compared to $0.83 for the same period in 2021.
Strategic Education did not provide specific forward guidance in this earnings report.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance