Strategic Education: 1Q Earnings Snapshot

HERNDON, Va. (AP) _ Strategic Education, Inc. (STRA) on Wednesday reported first-quarter profit of $11.5 million.

On a per-share basis, the Herndon, Virginia-based company said it had profit of 52 cents. Earnings, adjusted for one-time gains and costs, came to $1.66 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The for-profit education company posted revenue of $246.5 million in the period.

Strategic Education shares have climbed 26% since the beginning of the year. The stock has climbed 36% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STRA at https://www.zacks.com/ap/STRA