Friday, K12 Inc. (LRN) said its second-quarter net income rose to $9.6 million from $3.5 million in the prior year period. Net income attributable to common stockholders per share for the quarter grew to $0.32 from $0.12 in the year-ago period. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share for the quarter.
Revenues for the quarter increased 20.1% to $93.2 million from $77.6 million in the comparable period. Six analysts estimated revenues of $95.11 million for the quarter.
The company said it reaffirming its 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 $0.56 per share and seven analysts estimate revenues of $384.55 million for fiscal 2010.
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