Strategic Education, Inc. Reports Second Quarter 2019 Results; Continued Strong Performance at Both Strayer University and Capella University One Year Since Merger

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Go back to Strategic Education, Inc. Reports Second Quarter 2019 Results; Continued Strong Performance at Both Strayer University and Capella University One Year Since Merger

Strategic Education (STRA) Tops Q2 EPS by 12c, Revenues Beat

July 31, 2019 6:35 AM EDT

Strategic Education (NASDAQ: STRA) reported Q2 EPS of $1.59, $0.12 better than the analyst estimate of $1.47. Revenue for the quarter came in at $245.1 million versus the consensus estimate of $240.79 million.

Revenue increased 113.8% to $245.1 million compared to $114.7 million for the same period in 2018.Income from operations was $27.6 million or 11.3% of revenue, compared to $4.2 million or 3.6% of revenue for the same period in 2018. Income from operations in 2019 includes $15.4 million of amortization expense related to assets acquired in the merger with Capella Education Company and $3.0 million in costs associated with the merger with Capella Education Company.... More