Strategic Education, Inc. Reports Second Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/21/2026
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Supermicro probe finds no senior management link to export violations
- SpaceX shares fall as second lockup period ends
- Hertz Global amends voting agreement with CK Amarillo after lawsuit
Strategic Education (STRA) Tops Q2 EPS by 37c, Revenues Beat
July 29, 2020 6:33 AM EDTStrategic Education (NASDAQ: STRA) reported Q2 EPS of $2.06, $0.37 better than the analyst estimate of $1.69. Revenue for the quarter came in at $255.8 million versus the consensus estimate of $246.54 million.
Three Months Ended June 30
Revenue increased 4.4% to $255.8 million compared to $245.1 million for the same period in 2019.Income from operations was $46.4 million or 18.1% of revenue, compared to $27.6 million or 11.3% of revenue for the same period in 2019. Income from operations in 2020 includes $15.4 million of amortization expense related to assets acquired in the merger with Capella Education Company and $1.2 million in costs associated with the merger... More