Stride Inc. (LRN) Tops Q3 EPS by 18c, Offers Guidance
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Stride’s Career Learning Business Continues to Drive Growth
April 19, 2022 4:30 PM EDTHERNDON, Va.--(BUSINESS WIRE)-- Stride, Inc. (NYSE: LRN), one of the nations leading technology-based education companies, today announced its results for the third fiscal quarter ended March 31, 2022.
Third Quarter Fiscal 2022 Highlights Compared to 2021
Revenue of $421.7 million, compared with $392.1 million, driven by strong enrollment trends, continued growth in Adult Learning, and increases in revenue per enrollment. Income from operations of $60.6 million, compared with $38.6 million, due to improved gross margins and lower selling, general and administrative expenses. Net income of $42.9 million, compared with $23.8 million. Diluted net... More