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Why Stride Stock Soared Today

Why Stride Stock Soared Today

Shares of Stride (NYSE: LRN), the childhood education company formerly known as K12, were surging today after the company posted strong results in its fiscal second-quarter earnings report. Stride, which provides K-12 education and other services, easily beat estimates in the earnings report, posting revenue of $458.4 million, which was up 12% from a year ago and ahead of expectations of $443.2 million. Stride also showed off record enrollment growth from the first quarter, with 180,300 enrollments.