K12: Fiscal 2Q Earnings Snapshot

Associated Press
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HERNDON, Va. (AP) _ K12 Inc. (LRN) on Tuesday reported fiscal second-quarter profit of $24.5 million.

On a per-share basis, the Herndon, Virginia-based company said it had profit of 60 cents.

The online education company posted revenue of $376.1 million in the period.

For the current quarter ending in April, K12 said it expects revenue in the range of $375 million to $385 million.

The company expects full-year revenue in the range of $1.5 billion to $1.53 billion.

K12 shares have climbed 22% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.99, a climb of 33% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LRN at https://www.zacks.com/ap/LRN

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