K12 (LRN -10.1%) falls hard after its FQ3 report highlights that costs are on the rise at the...

|About: K12 Inc. (LRN)|By:, SA News Editor

K12 (LRN -10.1%) falls hard after its FQ3 report highlights that costs are on the rise at the tech-based education firm. While revenue shot up a healthy 36.8% Y/Y to $178.2M, instructional expenses ran up at a 36% clip and product development expenses increased 40%.