Strategic Education (STRA) Tops Q3 EPS by 24c, Revenues Miss

Strategic Education (NASDAQ: STRA) reported Q3 EPS of $0.92, $0.24 better than the analyst estimate of $0.68. Revenue for the quarter came in at $160.9 million versus the consensus estimate of $185.48 million.

Karl McDonnell, Chief Executive Officer of SEI said, “We are pleased with the positive momentum we are seeing across the organization as we continue to work through a successful merger integration. SEI’s strong performance in Q3 2018, including strong new enrollment growth at both Strayer University and Capella University, continues to demonstrate our organization’s ability to execute. Our new scale and capabilities allow us to serve students and employers better as we continue to focus on cost and revenue synergies. SEI is now even better positioned to be a national leader in education innovation.”

For earnings history and earnings-related data on Strategic Education (STRA) click here.

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