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Afya: Q1 Earnings Snapshot

May 23, 2022 GMT

NOVA LIMA, Brazil (AP) _ Afya Ltd. (AFYA) on Monday reported first-quarter profit of $24.8 million.

On a per-share basis, the Nova Lima, Brazil-based company said it had net income of 27 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 34 cents per share.

The medical education company posted revenue of $108.4 million in the period.

Afya shares have declined 28% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.28, a fall of 48% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFYA at https://www.zacks.com/ap/AFYA