K12 (LRN) Releases Earnings Results, Misses Expectations By $-0.04 EPS

K12 (LRN) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.13. The company posted revenue of $221.30 million in the period, compared to analysts expectations of $210.13 million. The company’s revenue was down -6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

K12 closed down -0.26 points or -1.99% at $12.83 with 1,83,908 shares getting traded on Monday. Post opening the session at $13.06, the shares hit an intraday low of $12.6 and an intraday high of $13.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Feb 17, 2015, Allison Cleveland (EVP, School Mgmt. & Services) sold 3,382 shares at $16.56 per share price.

K12 Inc. (K12) is a technology-based education company. The Company offers curriculum software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a range of technology-based educational products and solutions to public school districts public schools virtual charter schools private schools and families. The Company offers a set of products and services primarily to three lines of business which include public school programs which consists of managed programs and non-managed programs Institutional Sales which includes educational products and services sold to school districts public schools and other educational institutions that it does not manage and international and private pay schools which consists of private schools. The Company offers a range of learning applications which include mobile learning interactive games virtual labs e-book and digital book distribution.


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