Stride stock jumps 9% on record Q4 results

Stride Inc (NYSE:) shares surged more than 9% after-hours following the company’s Q4 results, with EPS of $1.01 coming in better than the consensus estimate of $0.87.

Revenue grew 6.2% year-over-year to $483.49 million, beating the consensus estimate of $460.6 million. Revenue for the full 2023 year came in at $1.837 billion, up 8.9% year-over-year, driven by in-year enrollment strength and increases in revenue per enrollment.

The company intends to provide its outlook for 2024 alongside its Q1/24 earnings announcement in October.