Phoenix Education Partners Inc. (PXED) shares soared 9.54% in after-hours trading on Tuesday following the release of its second-quarter fiscal 2026 financial results.

The education company reported adjusted earnings of $0.58 per diluted share, significantly surpassing the FactSet analyst consensus estimate of $0.34. Quarterly revenue of $222.5 million also exceeded expectations of $220.3 million. Additionally, the company's board authorized a new share repurchase program of up to $50 million, signaling confidence in its financial position and commitment to returning value to shareholders.

While the company reported a year-over-year decline in GAAP net income, the strong performance on key adjusted metrics and the announcement of the capital return program were viewed positively by the market. Phoenix Education Partners also reaffirmed its full-year net revenue guidance of $1.025 billion to $1.035 billion.