Friday, K12 Inc. (LRN) said its first-quarter net income - K12 Inc. rose to $7.1 million from $5.9 million in the prior year period. Net income attributable to common stockholders per share for the quarter was $0.24 per share, up from $0.20 per share last year. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter.
Revenues for the quarter grew to $106.3 million from $88.6 million in the comparable period. Six analysts estimated revenues of $106.13 million for the quarter.
The company said it is forecasting for full year 2010 net income of $14.6 million - $17.1 million and revenues of around $380 million - $390 million. Nine analysts estimate earnings of $0.58 per share and seven analysts estimate revenues of $378.67 million for fiscal 2010.
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