RTTNews | Feb 26, 2021 06:56AM EST

06:55 Friday, February 26, 2021 (RTTNews.com) - Strategic Education, Inc. (STRA) reported net income in the fourth quarter of $5.9 million or $0.25 per share compared with $28.5 million or $1.29 per share in the same quarter a year ago.

Excluding items, earnings for the quarter were $1.39 per share. On average, 5 analysts surveyed by Thomson Reuters expected the company to earn $1.5 per share. Analysts' estimates typically exclude special items.

Revenue in the quarter increased 1.4% to $267.5 million from $263.8 million in the same period last year. The consensus estimate stood at $273.74 million.

Strategic Education today announced a cash dividend of $0.60 per share to be paid on March 15, 2021 to shareholders of record on March 8.

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