K12 Inc. Reports Strong Q2 Earnings, Exceeds Wall Street Forecasts
RESTON, Va., Feb. 8, 2023 - K12 Inc. (LRN) announced fiscal second-quarter earnings of $96.4 million, translating to $2.03 per share. This performance surpassed analysts' consensus estimate of $1.97 per share, as reported by Zacks Investment Research.
The Reston, Virginia-based online education company also achieved revenue of $587.2 million during the quarter, exceeding market forecasts of $571.8 million.
For the current quarter ending in March, K12 projects revenue between $585 million and $600 million. The company estimates full-year revenue to range from $2.32 billion to $2.36 billion.