Zovio Inc (ZVO) Misses Q4 EPS by $1.69, Revenues Miss

Zovio Inc (NASDAQ: ZVO) reported Q4 EPS of ($1.75), $1.69 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $93.1 million versus the consensus estimate of $97.5 million.

"We ended the year strong, executing on the sale of the University, delivering triple-digit growth in Zovio Growth and exceeding earnings expectations. Zovio is an enviable position as we embark on this new chapter as a leading education technology services business. Our track record of innovation, driven by advanced data and analytics, strong culture and more than 200 institutional partners will allow us to offer services to our university partners that span the student journey and support the best possible outcomes. As we enter 2021, we remain poised for long-term growth and value-creation as we capture the rapid changes in education to empower all learners," commented Andrew Clark, Founder, President and Chief Executive Officer.

For earnings history and earnings-related data on Zovio Inc (ZVO) click here.

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