Singapore markets closed
  • Straits Times Index

    3,227.10
    -35.97 (-1.10%)
     
  • Nikkei

    27,153.83
    -159.30 (-0.58%)
     
  • Hang Seng

    17,933.27
    -214.68 (-1.18%)
     
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • BTC-USD

    18,983.21
    -72.96 (-0.38%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • Dow

    29,590.41
    -486.27 (-1.62%)
     
  • Nasdaq

    10,867.93
    -198.88 (-1.80%)
     
  • Gold

    1,651.70
    -29.40 (-1.75%)
     
  • Crude Oil

    79.43
    -4.06 (-4.86%)
     
  • 10-Yr Bond

    3.6970
    -0.0110 (-0.30%)
     
  • FTSE Bursa Malaysia

    1,424.98
    -14.18 (-0.99%)
     
  • Jakarta Composite Index

    7,178.58
    -40.32 (-0.56%)
     
  • PSE Index

    6,259.54
    -42.17 (-0.67%)
     

Why Stride Stock Just Popped 7%

·2-min read
Why Stride Stock Just Popped 7%

Shares of K-12 online education software stock Stride (NYSE: LRN) -- the company formerly known as K12 -- got an A grade on Wall Street this afternoon, rising 7% through 12:30 p.m. EDT after its earnings report last night. Expected to lose $0.14 per share on $359.5 million in sales in fiscal first-quarter 2022, Stride instead reported a disappointing $0.15-per-share loss -- that's the bad news. Q1 revenue climbed 8% year over year as Stride managed to keep growing its business in the face of a widespread return to in-person learning in U.S. public schools.