Stride Inc. (LRN) Shares Up 7% on Strong Q2 Results and Raised Outlook
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Demand for Stride Career Learning Continues to Drive Strong Performance
January 25, 2022 4:30 PM ESTHERNDON, Va.--(BUSINESS WIRE)-- Stride, Inc. (NYSE: LRN), one of the nations leading technology-based education companies, today announced its results for the second fiscal quarter ended December 31, 2021.
Second Quarter Fiscal 2022 Highlights Compared to 2021
Revenue of $409.5 million, compared with $376.1 million, driven by continued strength in middle and high school Career Learning enrollments, growth in Adult Learning, and increases in revenue per enrollment. Income from operations of $56.9 million, compared with $38.5 million, due to improved gross margins and flat selling, general and administrative expenses. Net income of $42.0 million,... More