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K12 posts 3Q profit

HERNDON, Va. (AP) _ K12 Inc. (LRN) on Thursday reported fiscal third-quarter profit of $9.1 million.

On a per-share basis, the Herndon, Virginia-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring costs, were 42 cents per share.

The online education company posted revenue of $222.5 million in the period.

For the current quarter ending in June, K12 said it expects revenue in the range of $215 million to $220 million.

K12 shares have climbed 18 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.26, a climb of 67 percent in the last 12 months.


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


Keywords: K12, Earnings Report