Strategic Education (STRA) Misses Q3 EPS by 2c

November 5, 2020 7:41 AM EST

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Strategic Education (NASDAQ: STRA) reported Q3 EPS of $1.18, $0.02 worse than the analyst estimate of $1.20. Revenue for the quarter came in at $241.75 million versus the consensus estimate of $241.13 million.

“We are excited to announce that Strategic Education’s acquisition of Laureate’s Australia/New Zealand institutions closed on November 3, 2020. The addition of these highly-regarded academic institutions to our portfolio enhances our position as a global leader in post-secondary education and provides an additional growth platform as we pursue our mission of enabling economic mobility with education,” said Karl McDonnell, Chief Executive Officer of Strategic Education. “As our organization continues to adapt to the challenges presented by the COVID-19 pandemic, we are encouraged by consistent performance at Capella University and in Australia/New Zealand, and are restructuring our organization to focus on areas of existing strength in our core business and new opportunities including employer initiatives, Sophia Learning, and digital enablement partnerships.”

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

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