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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.