12:27 PM EDT, 04/25/2024 (MT Newswires) -- Strategic Education ( STRA ) shares surged more than 14% in recent trading on Thursday, after the company's Q1 results surpassed consensus.

The company reported Q1 adjusted earnings of $1.11 per diluted share, up from $0.24 a year earlier.

Four analysts polled by Capital IQ expected $0.58.

Revenue for the quarter ended March 31 was $290.3 million, up from $256.6 million a year earlier.

Four analysts surveyed by Capital IQ expected $274.3 million.

The company kept its quarterly cash dividend at $0.60 per share, payable on June 3 to shareholders of record on May 24.

Price: 114.86, Change: +14.21, Percent Change: +14.12