Shares of Legacy Education fell after the company's fourth-quarter profit and revenue fell short of analyst expectations.

Shares were down 7.2% to $9.87 in after-hours trading. The stock closed up 3.2% at $10.64 on Thursday, and was up 4.4% year-to-date.

The education company reported a profit of $1.88 million, or 13 cents a share, up from $1.23 million, or 9 cents a share, a year earlier.

Fourth-quarter revenue rose to $20.1 million, up from $18 million a year prior.

Analysts polled by FactSet were expecting a profit of 15 cents a share on $20.2 million in revenue.

Chief Executive Officer LeeAnn Rohmann said the company is entering the new fiscal year with "strong momentum" and a focus on broadening educational access.

"Revenue, new student starts and our year-end student population all increased, reflecting continued demand for our career-focused education programs," Rohmann said. "At the same time, we expanded our academic offerings, increased capacity at key campuses and advanced our geographic expansion strategy."