News in Brief

Online Provider's Stock Sinks on Poor Projections

Article Tools
  • PrintPrinter-Friendly
  • EmailEmail Article
  • ReprintReprints
  • CommentsComments

The stock of K12 Inc. took a steep plunge last week following its release of more modest revenue and student-enrollment projections than analysts had anticipated.

It estimated average enrollment at schools it manages at 128,000 students for the quarter, up nearly 6 percent from the previous year, yet "below management's expectations."

Expected revenues for the Herndon, Va.-based company, which operates schools in more than 30 states, also disappointed analysts.

Its stock price plummeted from more than $29 a share to about $19.

Vol. 33, Issue 08, Pages 4-5

Published in Print: October 16, 2013, as Online Provider's Stock Sinks on Poor Projections
Related Stories
Notice: We recently upgraded our comments. (Learn more here.) If you are logged in as a subscriber or registered user and already have a Display Name on, you can post comments. If you do not already have a Display Name, please create one here.
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Back to Top Back to Top

Most Popular Stories