K12: Fiscal Q1 Earnings Snapshot

RESTON, Va. (AP) — RESTON, Va. (AP) — K12 Inc. (LRN) on Tuesday reported fiscal first-quarter earnings of $64.9 million.

The Reston, Virginia-based company said it had profit of $1.45 per share. Earnings, adjusted for one-time gains and costs, came to $1.37 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The online education company posted revenue of $639.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $611.2 million.

K12 expects full-year revenue in the range of $2.53 billion to $2.61 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