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Strategic Education, Inc. Q3 adjusted earnings Miss Estimates

Strategic Education, Inc. (STRA) announced earnings for third quarter that dropped from the same period last year.

The company's earnings totaled $3.85 million, or $0.16 per share. This compares with $10.96 million, or $0.47 per share, in last year's third quarter.

Excluding items, Strategic Education, Inc. reported adjusted earnings of $14.17 million or $0.59 per share for the period.

Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.0% to $270.08 million from $239.03 million last year.

Strategic Education, Inc. earnings at a glance:

-Earnings (Q3): $14.17 Mln. vs. $27.39 Mln. last year.
-EPS (Q3): $0.59 vs. $1.18 last year.
-Analysts Estimate: $0.83
-Revenue (Q3): $270.08 Mln vs. $239.03 Mln last year.

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