Strategic Education, Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Strategic Education, Inc. (STRA) reported earnings for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $29.90 million, or $1.24 per share. This compares with $14.23 million, or $0.59 per share, in last year's second quarter.

Excluding items, Strategic Education, Inc. reported adjusted earnings of $32.3 million or $1.33 per share for the period.

Analysts on average had expected the company to earn $1.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.5% to $312.27 million from $287.68 million last year.

Strategic Education, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $29.90 Mln. vs. $14.23 Mln. last year. -EPS (Q2): $1.24 vs. $0.59 last year. -Revenue (Q2): $312.27 Mln vs. $287.68 Mln last year.