Why Stride Stock Just Popped 7%

Shares of K-12 online education software stock Stride (NYSE: LRN) -- the company formerly known as K12 -- got an A grade on Wall Street this afternoon, rising 7% through 12:30 p.m. EDT after its earnings report last night. Expected to lose $0.14 per share on $359.5 million in sales in fiscal first-quarter 2022, Stride instead reported a disappointing $0.15-per-share loss -- that's the bad news. Q1 revenue climbed 8% year over year as Stride managed to keep growing its business in the face of a widespread return to in-person learning in U.S. public schools.