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Stock impact report

Strategic Education (STRA) Stock Trades Down, Here Is Why [Yahoo! Finance]

Strategic Education, Inc. (STRA) 
Last strategic education, inc. earnings: 4/29 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: strayereducation.com/investorrelations.cfm
Company Research Source: Yahoo! Finance
Shares of higher education company Strategic Education (NASDAQ:STRA) fell 3.4% in the morning session after the company reported second-quarter results that showed a miss on revenue and a decline in student enrollment. While the for-profit education company reported earnings per share that beat analyst estimates, its revenue of $321.5 million fell short of expectations. The negative sentiment was likely compounded by a decline in student enrollment. The company's U.S. Higher Education segment saw student enrollment dip by 0.8%, while its Australia/New Zealand segment experienced a more significant 3.1% decrease. Reports indicated this drop was due to regulatory changes impacting international students. Despite the earnings beat, the combination of a revenue miss and shrinking enrollment appeared to raise concerns among investors about the company's growth trajectory. Show less Read more
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