K12 Falls 11.3% On Earnings Miss (LRN)

Shares of K12, Inc. LRN are currently down 11.3% at $24.99 per share during Tuesday afternoon trading. Today's trading range for shares of K12, Inc has been between $24.36 and $27.43 per share. The consensus price target of analysts covering the company's stock is $28.50 per share. Volume of 915,000 shares is far above the daily average volume of 156,000 shares. K12, Inc. (LRN) released financial results early Tuesday morning that missed Wall Street estimates. K12, Inc reported fiscal 2011 1st quarter earnings of 7 cents per share, on revenue of $134.9 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 29 cents per share, on revenue of $137.13 million. Read more from Benzinga's Company news.