* Q2 EPS $0.32 vs. yr-ago $0.12
* Reaffirms 2010 rev view of $380-$390 mln
Feb 5 Technology-based education company K12
Inc (LRN.N) posted a rise in quarterly profit, helped by a 22
percent rise in enrollments, and reaffirmed its revenue outlook
For the second quarter ended Dec. 31, the company posted
net income of $9.6 million, or 32 cents a share, compared with
$3.5 million, or 12 cents a share, a year earlier.
Revenue rose 20 percent to $93.2 million.
Analysts on average were expecting earnings of 15 cents a
share, on revenue of $95.1 million, according to Thomson
The company, which provides virtual education from
kindergarden through 12th grade, said it still sees 2010
revenues to range between about $380 million and $390 million
and forecast net earnings of about $14.6 million to $17.1
Analysts were expecting earnings of 56 cents a share, on
revenue of $384.6 million.
Shares of the company closed at $19.11 Thursday on the New
York Stock Exchange.
(Reporting by Amulya Nagaraj in Bangalore; Editing by Maju