HERNDON, Va. (AP) _ K12 Inc. (LRN) on Tuesday reported a loss of $9.7 million in its fiscal first quarter.
On a per-share basis, the Herndon, Virginia-based company said it had a loss of 25 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The online education company posted revenue of $257.1 million in the period.
For the current quarter ending in January, K12 said it expects revenue in the range of $255 million to $260 million.
The company expects full-year revenue in the range of $1.02 billion to $1.03 billion.
K12 shares have climbed slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.84, an increase of 46% in the last 12 months.