Strategic Education, Inc. Reports Record Third Quarter 2019 Results; Increases Annual Dividend 20% to $2.40 Per Share; Holds Investor and Analyst Day

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Go back to Strategic Education, Inc. Reports Record Third Quarter 2019 Results; Increases Annual Dividend 20% to $2.40 Per Share; Holds Investor and Analyst Day

Strategic Education (STRA) Tops Q3 EPS by 8c, Revenues Beat

November 7, 2019 6:35 AM EST

Strategic Education (NASDAQ: STRA) reported Q3 EPS of $1.28, $0.08 better than the analyst estimate of $1.20. Revenue for the quarter came in at $241.7 million versus the consensus estimate of $237.24 million.

Three Months Ended September 30

Revenue increased 50.2% to $241.7 million compared to $160.9 million for the same period in 2018. Revenue in 2018 included a purchase accounting adjustment of $26.2 million to reflect Capella University contract liabilities at fair value. Adjusted revenue, which is a non-GAAP financial measure and excludes the aforementioned contract liabilities adjustment, increased 29.2% to $241.7 million compared to $187.2 million for the same period in 2018. For more details... More