Strategic Education, Inc. Reports Second Quarter 2020 Results
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Strategic Education (STRA) Tops Q2 EPS by 37c, Revenues Beat
July 29, 2020 6:33 AM EDTStrategic Education (NASDAQ: STRA) reported Q2 EPS of $2.06, $0.37 better than the analyst estimate of $1.69. Revenue for the quarter came in at $255.8 million versus the consensus estimate of $246.54 million.
Three Months Ended June 30
Revenue increased 4.4% to $255.8 million compared to $245.1 million for the same period in 2019.Income from operations was $46.4 million or 18.1% of revenue, compared to $27.6 million or 11.3% of revenue for the same period in 2019. Income from operations in 2020 includes $15.4 million of amortization expense related to assets acquired in the merger with Capella Education Company and $1.2 million in costs associated with the merger... More