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2U: Q1 Earnings Snapshot
By AP News - Apr 26, 2023, 04:45 PM ET
Last Updated - Jun 22, 2023, 03:22 AM EDT
LANHAM, Md. (AP) — LANHAM, Md. (AP) — 2U Inc. (TWOU) on Wednesday reported a loss of $54.1 million in its first quarter.
On a per-share basis, the Lanham, Maryland-based company said it had a loss of 68 cents. Losses, adjusted to extinguish debt and for stock option expense, came to 10 cents per share.
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The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The online education services provider posted revenue of $238.5 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $238.7 million.
2U expects full-year revenue in the range of $985 million to $995 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TWOU">Zacks stock report on TWOU at https://www.zacks.com/ap/TWOU
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