K12 (LRN) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.32. The company posted revenue of $221.30 million in the period, compared to analysts expectations of $218.80 million. The company’s revenue was down -9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
K12 opened for trading at $9.98 and hit $10.38 on the upside on Friday, eventually ending the session at $10.36, with a gain of 3.70% or 0.37 points. The heightened volatility saw the trading volume jump to 1,45,558 shares. Company has a market cap of $404 M.
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.