Stride, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
April 23, 2024 at 04:15 pm EDT
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Stride, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 520.84 million compared to USD 470.28 million a year ago. Net income was USD 69.69 million compared to USD 55.46 million a year ago. Basic earnings per share from continuing operations was USD 1.63 compared to USD 1.31 a year ago. Diluted earnings per share from continuing operations was USD 1.6 compared to USD 1.3 a year ago.
For the nine months, sales was USD 1,505.89 million compared to USD 1,353.87 million a year ago. Net income was USD 141.4 million compared to USD 83.5 million a year ago. Basic earnings per share from continuing operations was USD 3.32 compared to USD 1.98 a year ago. Diluted earnings per share from continuing operations was USD 3.26 compared to USD 1.96 a year ago.
Stride, Inc. is an education services company providing virtual and blended learning. It provides tech-enabled education solutions, curriculums, and programs directly to students, schools, the military, and enterprises in primary, secondary and postsecondary settings. It offers K-12 education for students, schools, and districts, including career learning services through middle and high school curriculums. For adult learners, it delivers professional skills training in healthcare and technology, as well as staffing and talent development. Its technology-based products and services enable its clients to attract, enroll, educate, track progress and support students. Its solutions address two markets: General Education and Career Learning. For both the General Education and Career Learning markets, it offers school-as-a-service offering, which includes an integrated package of curriculum, technology systems, instruction, and support services that it administer on behalf of its customers.