2u (TWOU) Tops Q3 EPS by 2c, Slight Beat on Revenues; Offers FY18 EPS/Revenue Guidance

2u (NASDAQ: TWOU) reported Q3 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $107 million versus the consensus estimate of $106.49 million.

Revenue was $107.0 million, an increase of 52% from $70.3 million in the third quarter of 2017.
Net loss was $(9.9) million, or $(0.17) per share, compared to $(14.7) million, or $(0.30) per share, in the third quarter of 2017.
Adjusted net loss was $(0.7) million, or $(0.01) per share, compared to $(7.4) million, or $(0.15) per share, in the third quarter of 2017.
Adjusted EBITDA was $4.7 million, compared to an adjusted EBITDA loss of $(3.7) million in the third quarter of 2017.

"Strong year-over-year growth combined with our stepped-up program launch targets for 2019, 2020 and 2021, have put 2U on the path to $1.0 billion in revenue, which we expect to hit in a little over three years," Co-Founder and CEO Christopher "Chip" Paucek said. "Higher education is fully embracing the power of online, and 2U\'s size, scale and track record put us in the pole position to seize new growth opportunities and further solidify our market leadership globally."

GUIDANCE:

2u sees FY2018 EPS of ($0.09)-($0.08), versus the consensus of ($0.08). 2u sees FY2018 revenue of $411-411.9 million, versus the consensus of $411.14 million.

For earnings history and earnings-related data on 2u (TWOU) click here.

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