Enrollment TrendsUS Higher Education 9.8% annual enrollment growth beat expectations, with strong growth in Employer Affiliated enrollments and FlexPath enrollments.
Financial PerformanceRevenue in the first quarter increased 13.1% to $290.3 million, above the estimate of $276.0 million and the FactSet consensus of $274.3 million.
Market ReactionStrategic Education announced the results of its first quarter that significantly topped expectations and the stock surged over $14 (or ~14%).