Education Funding News in Brief

Online Provider’s Stock Sinks on Poor Projections

By Sean Cavanagh — October 15, 2013 1 min read
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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.

A version of this article appeared in the October 16, 2013 edition of Education Week as Online Provider’s Stock Sinks on Poor Projections

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