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2U: Q2 Earnings Snapshot
By AP News - Aug 08, 2023, 04:48 PM ET
Last Updated - Aug 08, 2023, 04:48 PM EDT
LANHAM, Md. (AP) — LANHAM, Md. (AP) — 2U Inc. (TWOU) on Tuesday reported a loss of $173.7 million in its second quarter.
On a per-share basis, the Lanham, Maryland-based company said it had a loss of $2.16. Losses, adjusted for asset impairment costs and stock option expense, came to 18 cents per share.
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The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The online education services provider posted revenue of $222.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $233.7 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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