NYSE:LRNConsumer Services
Stride (LRN) Stock Climbs On Profit Strength Despite Enrollment Risks
Stride shares have shrugged off a weak recent stretch and climbed 2.7% to about US$82.58 since the earnings release, even though the stock is still down over the past month and quarter. That pop rests on one core story. The online education company just posted about US$2.52b in full year revenue with adjusted EBITDA of US$617.6m, and the market appears to be latching onto that profitability strength as the key headline.
Investors are treating this as an earnings quality moment rather than a...