Laureate Education: 3Q Earnings Snapshot
BALTIMORE (AP) _ Laureate Education Inc. (LAUR) on Wednesday reported a loss of $95.2 million in its third quarter.
The Baltimore-based company said it had a loss of 43 cents per share. Losses, adjusted to account for discontinued operations, came to 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The for-profit higher education purveyor posted revenue of $773.7 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $782.5 million.
Laureate Education shares have risen slightly more than 4% since the beginning of the year. The stock has climbed slightly more than 4% in the last 12 months.