Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
2U: Q4 Earnings Snapshot
By AP News - Feb 12, 2024, 04:21 PM ET
Last Updated - Feb 12, 2024, 04:21 PM EST
LANHAM, Md. (AP) — LANHAM, Md. (AP) — 2U Inc. (TWOU) on Monday reported a loss of $42.4 million in its fourth quarter.
On a per-share basis, the Lanham, Maryland-based company said it had a loss of 52 cents. Earnings, adjusted for asset impairment costs and restructuring costs, were 48 cents per share.
Sponsored
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The online education services provider posted revenue of $255.7 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $275.8 million.
For the current quarter ending in March, 2U said it expects revenue in the range of $195 million to $198 million.
The company expects full-year revenue in the range of $805 million to $815 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWOU at https://www.zacks.com/ap/TWOU
Sponsored
Read More from Investing
Popular News
Latest News
