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K12: Fiscal Q2 Earnings Snapshot

RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal second-quarter earnings of $99.5 million.

The Reston, Virginia-based company said it had net income of $2.12 per share. Earnings, adjusted for one-time gains and costs, were $2.50 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.

The online education company posted revenue of $631.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $627.4 million.

For the current quarter ending in March, K12 said it expects revenue in the range of $615 million to $645 million.

The company expects full-year revenue in the range of $2.48 billion to $2.56 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 LRN at https://www.zacks.com/ap/LRN

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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