K12, Inc. (LRN) Tops Q3 EPS by 3c, Offers FY Guidance

K12, Inc. (NYSE: LRN) reported Q3 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $257.2 million versus the consensus estimate of $253.83 million.

GUIDANCE:

K12, Inc. sees FY2020 revenue of $1.033-1.04 billion, versus the consensus of $1.03 billion.

• Revenue in the range of $1,033.0 million to $1,040.0 million.
• Capital expenditures of $45.0 million to $49.0 million. Note: Capital expenditures include the purchase of property and equipment, and capitalized software and curriculum development costs as defined on our Statement of Cash Flows.
• Tax rate of 28.0% to 30.0%.
• Adjusted operating income in the range of $48.0 million to $52.0 million. (3)

For earnings history and earnings-related data on K12, Inc. (LRN) click here.

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