US Stock Market Move | The 2026 financial year performance guidance is lower than expected, leading to a more than 50% plunge in Stride (LRN.US) stocks.

On Wednesday, Stride (LRN.US) plummeted over 50%, trading at $75.69. On the news front, the company released its first quarter financial report, with quarterly earnings of $1.40 per share, exceeding analysts' expectations of $1.13 per share; quarterly revenue reached $620.9 million, surpassing analysts' consensus estimate of $613.7 million. However, Stride expects second quarter revenue to be between $620 million and $640 million, while analysts' expectations are $647.76 million; projected revenue for fiscal year 2026 is expected to be between $2.48 billion and $2.55 billion, compared to analysts' expected $2.67 billion.