Strategic Education, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 06:30 am EDT
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Strategic Education, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 287.68 million compared to USD 273.56 million a year ago. Net income was USD 14.23 million compared to USD 15.22 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.63 a year ago.
For the six months, sales was USD 544.29 million compared to USD 532.42 million a year ago. Net income was USD 12.2 million compared to USD 22.25 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.92 a year ago.
Strategic Education, Inc. is an education services company. It provides access to education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills. It operates through its subsidiaries Capella University and Strayer University, both accredited post-secondary institutions of higher education located in the United States, and Torrens University, an accredited post-secondary institution of higher education located in Australia. Its segments include U.S. Higher Education (USHE), Australia/New Zealand, and Education Technology Services. The USHE segment provides certificate and degree programs to working adults, primarily through Capella University and Strayer University. The Education Technology Services segment develops and maintains relationships with employers to build employee education benefits programs. The Australia/New Zealand segment includes Torrens University, Think Education, and Media Design School.
STRATEGIC EDUCATION, INC. 
