Stride, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
January 24, 2023 at 09:30 pm
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Stride, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 458.44 million compared to USD 409.51 million a year ago. Net income was USD 50.71 million compared to USD 42 million a year ago. Basic earnings per share from continuing operations was USD 1.2 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 1.19 compared to USD 1 a year ago.
For the six months, sales was USD 883.59 million compared to USD 809.73 million a year ago. Net income was USD 28.03 million compared to USD 36.12 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 0.85 a year ago.
Stride, Inc. is an education services company providing virtual and blended learning. It provides tech-enabled education solutions, curriculums, and programs directly to students, schools, the military, and enterprises in primary, secondary and postsecondary settings. It offers K-12 education for students, schools, and districts, including career learning services through middle and high school curriculums. For adult learners, it delivers professional skills training in healthcare and technology, as well as staffing and talent development. Its technology-based products and services enable its clients to attract, enroll, educate, track progress and support students. Its solutions address two markets: General Education and Career Learning. For both the General Education and Career Learning markets, it offers school-as-a-service offering, which includes an integrated package of curriculum, technology systems, instruction, and support services that it administer on behalf of its customers.
STRIDE, INC. 
