Why Stride (LRN) Shares Are Sliding Today
Shares of online education Stride (NYSE:LRN) fell 50.8% in the afternoon session after the company’s weak financial forecast overshadowed its third-quarter results. While Stride beat Wall Street’s expectations for the third quarter, with revenue up 12.7% year-over-year to $620.9 million and adjusted earnings per share of $1.52 significantly ahead of estimates, investors focused on the…