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 profit of $1.05. Earnings, adjusted for non-recurring costs, were $1.27 per share.
The results beat 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, which missed Street forecasts. Three analysts surveyed by Zacks expected $312 million.
For the year, the company reported profit of $112.7 million, or $4.67 per share. Revenue was reported as $1.22 billion.
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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 STRA at https://www.zacks.com/ap/STRA
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