K12 Guides FY14 Revenues Below View - Quick Facts

(RTTNews) - K12 Inc. (LRN), a provider of technology-based education services and software, Thursday said it expects to report full-year 2014 revenues in the range of $905 million to $925 million.

Operating income for the year is currently projected in a range of $53 million to $57 million, with a corresponding expansion of operating margin to a range of 5.7 percent to 6.3 percent.

Analysts currently expect the company to report full-year earnings of $0.86 per share on revenues of $943.95 million.

For the first quarter the company expects revenue growth in a range of 3 percent to 4 percent. This is lower than the company's full year growth mainly due to timing of school openings and revenue recognition rules.

The company expects to record first-quarter operating loss in the range of $8 million to $10 million.