10:17 AM EDT, 07/31/2024 (MT Newswires) -- Strategic Education ( STRA ) retreated during Wednesday morning trading, sinking almost 9%, after reporting Q2 adjusted net income of $1.33 per diluted share compared with $0.82 a year earlier.

Analysts polled by Capital IQ expected $1.19.

Revenue for the quarter ended June 30 was $312.3 million, compared with $287.7 million a year earlier.

Analysts expected $308.2 million.

The for-profit education company Wednesday morning also maintained its quarterly cash dividend of $0.60 per share, payable Sept. 16 to shareholders of record on Sept. 6.

Price: 109.84, Change: -10.99, Percent Change: -9.10