Home News Stride Achieves Record Revenue in First Quarter

Stride Achieves Record Revenue in First Quarter


Shares of Stride surged after the bell on Tuesday following the release of the company’s first-quarter financial results, which revealed a remarkable increase in revenue during this period.

Impressive Market Performance

At 5:42 p.m. ET, Stride’s stock rose by an impressive 11% to reach $49.50. Moreover, the shares had already experienced a positive trading session throughout the day, concluding with a 1.6% increase to $44.50. It is worth noting that the stock had reached a high point of $47.42 on October 25, 2022, marking a significant milestone within the past 52 weeks.

Exemplary Financial Results

During the first quarter of its fiscal year 2024, Stride reported earnings per share of 11 cents, accompanied by a remarkable revenue of $480.2 million. Comparatively, in the same period last year, the company reported a loss per share of 54 cents on revenue of $425.2 million.

As a technology-based education company, these financial achievements highlight Stride’s dedication towards providing quality educational solutions.

Promising Forecasts

Looking ahead, Stride anticipates a second-quarter revenue between $490 million and $510 million. Furthermore, for the entire fiscal year 2024, the company projects revenues within the range of $1.96 billion to $2.03 billion.

The forecasts indicate that Stride is poised for continued growth and success in the evolving education sector.


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