Stride Inc (NYSE:LRN) shares surged more than 9% after-hours following the company’s reported Q4 results, with EPS of $1.01 coming in better than the consensus estimate of $0.87.
Revenue grew 6.2% year-over-year to $483.49 million, beating the consensus estimate of $460.6 million. Revenue for the full 2023 year came in at $1.837 billion, up 8.9% year-over-year, driven by in-year enrollment strength and increases in revenue per enrollment.
The company intends to provide its outlook for 2024 alongside its Q1/24 earnings announcement in October.