EarningsStrategic Education announced the results of its first quarter ended March 31, that significantly topped expectations and the stock surged over $14 (or ~14%).
Enrollment GrowthUS Higher Education 9.8% annual enrollment growth beat expectations, with strong growth in Employer Affiliated enrollments and FlexPath enrollments.
Financial PerformanceRevenue in the first quarter increased 13.1% to $290.3 million, above analyst estimates and the FactSet consensus.