HERNDON, Va. (AP) — HERNDON, Va. (AP) — Strategic Education, Inc. (STRA) on Thursday reported fourth-quarter earnings of $37.9 million.
On a per-share basis, the Herndon, Virginia-based company said it had profit of $1.66. Earnings, adjusted for one-time gains and costs, came to $1.74 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The for-profit education company posted revenue of $323.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $323.1 million.
For the year, the company reported profit of $126.6 million, or $5.41 per share. Revenue was reported as $1.27 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