Newz(AP) β Bank OZK (OZK) on Tuesday reported third-quarter net income of $168.4 million. The bank, based in Little Rock, Arkansas, said it had earnings of $1.50 per share. The results surpassed Wall Street expectations.
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share. The bank posted revenue of $694.4 million in the period. Its revenue net of interest expense was $439.2 million, also beating Street forecasts.
Five analysts surveyed by Zacks expected $432 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OZK at https://www.zacks.com/ap/OZK Source
(LRN) on Tuesday reported fiscal first-quarter earnings of $64.9 million. The Reston, Virginia-based company said it had profit of $1.45 per share. Earnings, adjusted for one-time gains and costs, came to $1.37 per share.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share. The online education company posted revenue of $639.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $611.2 million.
K12 expects full-year revenue in the range of $2.53 billion to $2.61 billion. Access a Zacks stock report on LRN at https://www.zacks.com/ap/LRN Source (NIC) on Tuesday reported third-quarter net income of $63.7 million.
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