Shares of Stride Inc. soared after hours on Tuesday after the online-education company beat Wall Street’s expectations for second-quarter sales and profit as it saw growth in enrollment powered by career-related learning.
The... Shares of Stride Inc. soared after hours on Tuesday after the online-education company beat Wall Street’s expectations for second-quarter sales and profit as it saw growth in enrollment powered by career-related learning. The company’s stock was up more than 16% in extended trading as of 5:30 p.m. Eastern after a 1.7% drop in the regular session to close at $32.
Analysts surveyed by FactSet had forecast earnings of $1.05 a share on revenue of $443.2 million. The company’s executives did not provide adjusted earnings figures.
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