Stride (LRN) stock jumps 26% premarket after earnings and outlook; what to watch at the open
Stride shares soared 26% to $91.50 in premarket trading Wednesday after reporting a 7.5% revenue gain to $631.3 million for the December quarter and raising its full-year outlook. Career Learning revenue jumped nearly 29%, with total enrollments up 7.8% to 248,500. The company announced a $500 million stock buyback program through October 2026. BMO Capital raised its price target to $94.
