K12 Posts Fiscal Q1 Earnings of $64.9 Million, Beating Analyst Estimates

K12 Inc. (LRN) reported fiscal first-quarter earnings of $64.9 million on Tuesday, with profit of $1.45 per share, topping Wall Street expectations. Adjusted earnings came to $1.37 per share, exceeding the average estimate of $1.30 per share from three analysts surveyed by Zacks Investment Research. The Reston, Virginia-based online education company posted revenue of $639.4 million, also beating the Street forecast of $611.2 million. K12 expects full-year revenue in the range of $2.53 billion to $2.61 billion.