Revenue Update on K12(NYSE:LRN)

K12(NYSE:LRN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $221.32M. Analysts estimated a revenue of $210.13M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.13.

K12 (LRN) made into the market gainers list on Wednesdays trading session with the shares advancing 0.60% or 0.07 points. Due to strong positive momentum, the stock ended at $11.73, which is also near the day’s high of $11.8. The stock began the session at $11.7 and the volume stood at 1,76,712 shares. The 52-week high of the shares is $14.64 and the 52 week low is $7.11. The company has a current market capitalization of $465 M and it has 3,96,71,177 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 17, 2015, Allison Cleveland (EVP, School Mgmt. & Services) sold 3,382 shares at $16.56 per share price.

K12 Inc. (K12) is a technology-based education company. The Company offers curriculum software systems and educational services designed to facilitate individualized learning for students in kindergarten through 12th grade (K-12). It provides a range of technology-based educational products and solutions to public school districts public schools virtual charter schools private schools and families. The Company offers a set of products and services primarily to three lines of business which include public school programs which consists of managed programs and non-managed programs Institutional Sales which includes educational products and services sold to school districts public schools and other educational institutions that it does not manage and international and private pay schools which consists of private schools. The Company offers a range of learning applications which include mobile learning interactive games virtual labs e-book and digital book distribution.

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