05:23 PM EDT, 04/23/2024 (MT Newswires) -- Stride (LRN) reported fiscal Q3 earnings late Tuesday of $1.60 per diluted share, up from $1.30 a year earlier.

Four analysts surveyed by Capital IQ expected $1.40.

Revenue for the quarter ended March 31 was $520.8 million, up from $470.3 million a year earlier.

Four analysts surveyed by Capital IQ expected $507.9 million.

The company said it now expects fiscal year 2024 revenue of $2.03 billion to $2.04 billion, compared with its prior outlook of $1.99 billion to $2.04 billion. Analysts surveyed by Capital IQ expect $2.02 billion.

The firm expects adjusted operating income of $280 million to $290 million, versus $265 million to $285 million previously.

Shares of the company rose over 5% in after-hours trading.

Price: 61.26, Change: +3.06, Percent Change: +5.26%