STRA
HERNDON, Va. (AP) — HERNDON, Va. (AP) — Strategic Education, Inc. (STRA) on Thursday reported fourth-quarter net income of $25.3 million.
On a per-share basis, the Herndon, Virginia-based company said it had net income of $1.05. Earnings, adjusted for non-recurring costs, came to $1.27 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The for-profit education company posted revenue of $311.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $312 million.
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