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Mar 31, 2020
Stride Q3 2020 Earnings Report
Reported revenues of $257.2 million, surpassing company guidance and analyst consensus.
Key Takeaways
K12 Inc. reported a revenue increase to $257.2 million for the third quarter of fiscal year 2020, compared to $253.3 million in the third quarter of FY 2019. Net income attributable to common stockholders was $8.8 million, with a diluted net income per share of $0.22.
Revenues reached $257.2 million, exceeding company guidance and analyst expectations.
Income from operations was reported at $14.5 million.
Net income attributable to common stockholders amounted to $8.8 million.
Diluted net income attributable to common stockholders per share was $0.22.
Stride
Stride
Forward Guidance
The company reaffirmed its forecast for the full year, fiscal 2020.
Positive Outlook
- Revenue in the range of $1,033.0 million to $1,040.0 million.
- Capital expenditures of $45.0 million to $49.0 million.
- Tax rate of 28.0% to 30.0%.
- Adjusted operating income in the range of $48.0 million to $52.0 million.