Stride Rockets On Q1 Results: Enrollments Up 18.5%, EPS Smashes Estimates
Portfolio Pulse from Lekha Gupta
Stride, Inc. (NYSE:LRN) shares surged premarket following strong Q1 results, with revenue and EPS significantly beating estimates. Enrollments increased by 18.5%, and the company provided an optimistic outlook for future sales and operating income.
October 23, 2024 | 12:55 pm
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Stride, Inc. reported strong Q1 results with revenue up 14.8% and EPS of $0.94, far exceeding the $0.20 consensus. Enrollments increased by 18.5%, and the company provided a positive outlook for Q2 and FY25. Shares are up 26.85% premarket.
Stride's Q1 results exceeded expectations with significant growth in revenue and EPS, leading to a substantial premarket share price increase. The positive outlook for future sales and operating income further supports the upward trend.
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