U.S. stock anomaly | Fiscal Year 2026 earnings guidance lower than expected, Stride (LRN.US) plunges over 50%
According to the Wise Investment and Finance APP, on Wednesday, Stride (LRN.US) plummeted by over 50%, to $75.69. On the news front, the company released its first-quarter financial report, with quarterly earnings per share at $1.40, exceeding analysts' forecast of $1.13; quarterly revenue reached $620.9 million, surpassing analysts' average forecast of $613.7 million. However, Stride expects second-quarter revenue to fall between $620 million and $640 million, while analysts' expectations are $647.76 million; and forecasts for fiscal year 2026 revenue are between $2.48 billion and $2.55 billion, as analysts expect $2.67 billion.
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