Stride, Inc. (ticker: $LRN) reported a strong fiscal first quarter, achieving a revenue of $551.1 million, up from $480.2 million year-over-year. The company also posted an income from operations of $47.3 million, significantly higher than the previous year's $3.3 million. Net income rose to $40.9 million, compared to $4.9 million a year earlier, resulting in a diluted net income per share of $0.94, up from $0.11. Analysts noted that Stride's results exceeded expectations, with earnings beating estimates by $0.72. The company provided guidance for the second quarter of fiscal year 2025, forecasting revenue between $560 million and $580 million, adjusted operating income of $115 million to $125 million, and capital expenditures between $13 million and $15 million. Following the earnings announcement, Stride's stock surged by 35%, reaching new highs and squeezing a 14% short float, as the market reacted positively to the robust results and optimistic guidance.