- K12 (NYSE:LRN) tracks higher after FQ3 results arrived ahead of consensus estimates.
- Revenue per enrollment was down 3.9% to $1,776 for managed public school programs, but improved 6% to $490 for non-managed public school programs.
- The company sees Q4 revenue of $205M to $215M vs. $204M consensus.
- K12 is up 8.6% today and has rallied 50% since SA contributor Jonathan Cukierwar made a bold call in January. For the record, no Wall Street firm was down with a Buy rating during the runup.